TL;DR — Alphabet generated $73.3 billion in free cash flow for fiscal 2025, up 12.7% year over year, with operating cash flow at a record $164.7 billion and Q4 net income up 30% to $34.5 billion. Despite that growth, the stock trades near a 50x EV/FCF multiple, the...
TL;DR — Alphabet has spent roughly $350 billion on buybacks since 2018, cutting its share count 13% from 14.05 billion to 12.23 billion shares. At the current $60-70 billion annual pace, cumulative repurchases could approach $700 billion by 2035. Between 2018 and...
TL;DR — Alphabet is preparing a $20 billion bond sale despite holding over $100 billion in cash, a move that looks paradoxical on the surface. The piece breaks down the actual mechanics behind raising debt while cash-rich. Decoding Alphabet’s Debt Arbitrage & The...
TL;DR — Alphabet’s sixth-generation TPU, codenamed Trillium, was engineered to win on margin rather than raw specs against Nvidia’s H100. The analysis examines whether that inference-cost advantage is real enough to challenge Nvidia, a signal largely...
TL;DR — Beyond P/E ratios and quarterly guidance, Alphabet’s structural moat rests on execution speed: Google enforces Core Web Vitals across the web, effectively dictating internet latency standards. That infrastructure control is framed as a durable...
