Goldman Sachs forecasts Alphabet capital spending near $350 billion in 2027
In short
Goldman Sachs forecasts Alphabet capital expenditure of $349.896 billion in 2027, up 72.2% from its 2026 estimate, according to Chinese reports. The bank's October 14 research note also projects spending of $414.627 billion in 2028.
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Goldman Sachs expects Alphabet's capital expenditure to rise from $203.145 billion in 2026 to $349.896 billion in 2027, a 72.2% increase, according to Chinese reports of its October 14 research note. The bank forecasts a further rise to $414.627 billion in 2028. [ 1 , 3 ]
Goldman projects Google Cloud revenue of $29.556 billion in the third quarter of 2026, 3% above market consensus. It maintained a buy rating on Alphabet and a $435 price target, according to the reports. [ 1 , 3 ]
Why it matters
The forecast implies a substantial increase from the bank's $203.145 billion estimate for 2026. Goldman also expects third-quarter Google Cloud revenue to exceed market consensus by 3%.
Key facts
Confirmed by several sources
- Nothing is confirmed by two independent outlets yet.
Still unclear
- These figures are Goldman Sachs forecasts, rather than reported company spending or results. All supplied coverage describes the bank's October 14 research note; 36Kr explicitly cites Jiemian.