BUSINESSSEMAFOR
Alphabet's free cash flow turns negative
Alphabet's free cash flow turned negative for the first time in its 22-year public history, driven by increased AI spending of $205 billion and a pending $40 billion share offering. The company reported a 7% stock price drop and no share buybacks for two consecutive quarters, with CFO Anat Ashkenazi warning of 2027 capex pressures on profits.
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Adjacent reporting
- Alphabet to sell $80 billion in stock to fund AI buildout
- Wall Street's record-breaking rally slows as Alphabet drags on the market
- Alphabet sees $269 billion market-cap wipeout as investors fear it’s losing the war for AI talent
- Alphabet's plan to sell $80 billion in stock to fund its AI buildout isn't all bad
- Wall Street's record-breaking rally slows as Alphabet drags on the market
- Alphabet is seeking fresh capital as stock's 4-week losing streak tests investor appetite