Alphabet Inc Class A (GOOGL · NASDAQ)

Alphabet's June quarter showed revenue of $119.80B (up from $109.90B in March) with net income of $112.19B, capping a fiscal year of 24.2% revenue growth and 294.0% earnings growth, and the company has beaten estimates four quarters running. Free cash flow turned negative at -$5.86B as capex of $44.92B exceeded $39.07B in operating cash flow, though leverage remains modest at 0.7x debt/EBITDA with a 2.72 current ratio. The stock sits at $347.68, up 2.8% over the past month but 13.5% below its 52-week high, with two class action lawsuits filed October 6 alleging investor misrepresentation tied to delays in the Gemini 3.5 Pro AI model. Waymo separately raised its private debt round to $5B from lenders including PIMCO, Blackstone, and Sixth Street.