Alphabet (GOOGL) Company Report

Alphabet’s Google and Sea Ltd. will co-develop AI tools across Sea’s e-commerce (Shopee), gaming (Garena) and financial (Monee) businesses to drive workflow and commerce automation.
The firms will explore an agentic shopping prototype integrating Shopee and Google services, potentially boosting Shopee listings’ visibility in Google’s Gemini search results.
Garena will adopt Google’s AI to enhance player experiences and accelerate game development, while Monee may pilot agent-managed payment experiences via Google’s open-source Agent Payments Protocol (AP2).
The deal builds on prior Shopee–YouTube shopping collaborations and underscores competitive pressure in Southeast Asia’s e-commerce AI race, where Shopee held about 52% market share in 2024.

5 days ago

Morningstar

Alphabet raises $20B, £5.5B in debt

GOOGL

Debt Issuance

New Projects/Investments

Alphabet issued $20 billion of U.S. senior notes and £5.5 billion of sterling notes in a multi-currency, multi-tranche offering to bolster liquidity and support long-term investments.
The debt comprises U.S. notes maturing from 2029 to 2066 with coupons of 3.700%–5.750%, and sterling notes from 2029 to 2126 carrying coupons up to 6.125%.
Proceeds will fund an aggressive capital plan, including $180 billion invested in AI data centers in 2025 and higher spending planned for 2026, which may pressure near-term margins and free cash flow.
Analysts maintain a Buy/Outperform consensus with a $395 price target but flag execution and earnings risks from the 2026 investment ramp.

Feb 13, 2026, 9:35 PM

Bloomberg

Alphabet closes $20 B and £5.5 B senior notes offering

GOOGL

Debt Issuance

On February 13, 2026, Alphabet completed concurrent underwritten offerings of $20 billion of U.S. dollar-denominated senior notes and £5.5 billion of Sterling-denominated senior notes under its Form S-3 registration (File No. 333-286752).
The Sterling notes included five tranches: £750 M at 4.125% due 2029, £1.25 B at 4.625% due 2032, £1.25 B at 5.500% due 2041, £1.25 B at 5.875% due 2058, and £1.00 B at 6.125% due 2126.
The U.S. notes comprised seven tranches: $2.5 B at 3.700% due 2029, $3.0 B at 4.100% due 2031, $3.0 B at 4.400% due 2033, $4.25 B at 4.800% due 2036, $1.5 B at 5.500% due 2046, $4.0 B at 5.650% due 2056, and $1.75 B at 5.750% due 2066.
All notes were issued under the Indenture dated February 12, 2016, with The Bank of New York Mellon Trust Company, N.A. acting as trustee.

Feb 13, 2026, 9:16 PM

8-K

Alphabet wins EU approval for $32B Wiz acquisition

GOOGL

M&A

European Commission unconditionally approved Alphabet’s $32 billion acquisition of cloud security firm Wiz, finding no competition concerns and noting credible alternative providers.
Google Cloud’s IaaS revenue reached $11.45 billion in 2023, or 8.2% of an estimated $140 billion market (Amazon 39%, Microsoft 23%).
The deal, Alphabet’s largest-ever acquisition, still requires final approvals in Australia, South Africa, Turkey, and Israel.
The transaction is expected to generate NIS 10 billion (~$3.2 billion) in tax proceeds for Israel, with Wiz’s 1,800 employees to remain in place post-close.

Feb 10, 2026, 4:04 PM

WSJ

Alphabet launches $20B bond sale

GOOGL

Debt Issuance

New Projects/Investments

Alphabet has launched a $20 billion multi-tranche, multicurrency bond offering, drawing over $100 billion of orders and featuring maturities into the mid-2060s.
Proceeds will accelerate AI-related capital spending, allocating 40% to data centers and network capacity and the remainder to servers and specialized AI chips.
The issuance underpins an expected rise in capital expenditures to $185 billion in 2026, nearly double the prior year’s level.
Bonds will be issued in U.S. dollars, British pounds, and Swiss francs, with the 2066 tranche priced at a 1.2 percentage point premium over comparable U.S. Treasuries.

Feb 9, 2026, 1:12 PM

Bloomberg

Alphabet forecasts near $180 billion investment spending

GOOGL

Guidance Update

New Projects/Investments

Alphabet expects to nearly double its investment spending to $180 billion, above analyst forecasts of under $119 billion, raising concerns about AI buildout costs.
U.S. stocks slid, with the S&P 500 down 1.1–1.2% and the Dow and Nasdaq off 1–1.6%, as weak jobs data weighed on markets.
Bitcoin plunged 50% from its October peak, including a 13% single-day drop, reflecting structural shifts in derivatives and synthetic supply.
Planned layoffs jumped 205% to 108,435 in January, the highest since 2009; tech sector cuts totaled 22,291, and UPS planned 31,243 reductions.

Feb 6, 2026, 12:31 AM

Barron's

Alphabet posts over $400B in 2025 revenue

GOOGL

Earnings

Revenue Acceleration/Inflection

Product Launch

Alphabet reported $402.84 billion in 2025 revenue and $113.83 billion in Q4, marking its first annual revenue above $400 billion.
Search revenue rose 17%, Google Cloud grew 48% to an annual run rate above $70 billion, and YouTube surpassed $60 billion.
Generative-AI product revenue surged nearly 400%, bolstered by the launch of Gemini 3 and expanded enterprise adoption.
Gemini app achieved 750 million monthly active users; direct API usage handled over 10 billion tokens per minute, with serving-unit costs down ~78%.
2026 capital expenditures are planned at $175–185 billion to scale data centers and AI compute infrastructure.

Feb 5, 2026, 1:50 AM

Barron's

Alphabet reports Q4 and FY 2025 results

GOOGL

Earnings

Guidance Update

Dividends

Consolidated revenues grew 18% YoY to $113.8 B in Q4 2025; FY 2025 revenues reached $402.8 B, surpassing $400 B for the first time.
Google Services revenues rose 14% to $95.9 B, with YouTube annual revenues exceeding $60 B.
Google Cloud revenue surged 48% to $17.7 B, led by enterprise AI infrastructure and solutions.
Net income increased 30% to $34.5 B, diluted EPS was $2.82 (+31%), and operating margin stood at 31.6%.
2026 CapEx guidance of $175–185 B to support AI investments; quarterly dividend of $0.21 per share declared.

Feb 4, 2026, 9:01 PM

8-K

Alphabet plans $4.75 billion Intersect Power acquisition for AI data centre energy

GOOGL

M&A

New Projects/Investments

Alphabet plans to spend $4.75 billion to acquire Intersect Power, becoming the first major tech company to own generation assets outright to power its AI data centres.
Intersect Power’s portfolio includes approximately $15 billion of operational and under‐construction assets, providing immediate scale in renewables generation.
The acquisition reflects a strategic shift to vertical integration as AI workloads push data centre electricity demand to levels comparable to mid‐sized cities and strain existing grids.
The deal has significant regional implications, particularly in Australia, where Google is expanding its cloud and AI capacity amid local infrastructure concerns.

Feb 3, 2026, 3:53 AM

WSJ

Alphabet faces EU DMA proceedings on Android and Search

GOOGL

Legal Proceedings

The European Commission has opened two specification proceedings under the Digital Markets Act (DMA) to guide Google on granting rival AI providers and search engines equal access to Android features and anonymized Search data, with proceedings due to conclude in six months and preliminary findings in three months.
The first proceeding under DMA Article 6(7) focuses on AI interoperability with hardware/software components used by Google's Gemini service; the second under DMA Article 6(11) addresses access to anonymized ranking, query, click and display metrics from Google Search.
Regulators note Google, a designated DMA ‘gatekeeper’ since September 2023, with Android powering over 70% of global smartphones, underscores the urgency to ensure fair competition.
Google warns that extra rules could hinder user privacy, security and innovation, while highlighting Alphabet’s strong capitalization (approx. $4 trillion market cap) underscores the economic stakes.