DeepStack Season 0

Is AI revenue arriving fast enough for the biggest spenders to pay for their data centers out of their own cash? Settles

Did Alphabet's purchases of property and equipment for the quarter ended September 30, 2026 equal 80% or more of its net cash provided by operating activities for the same quarter?

Take the three-month figures from the statement of cash flows in Alphabet's earnings release; if the release gives only year-to-date figures, use the nine-month figure less the six-month figure from the Form 10-Q.

Source: SEC EDGAR, Alphabet filings (the earnings release on Form 8-K and the Form 10-Q for the quarter), CIK 0001652044

  • The cash still covers it Cloud sales grow fast enough, and contracts arrive early enough, that the spenders' own cash carries the build and services the debt.
  • The bill has moved to debt Capital spending now exceeds the cash the spenders earn; bonds, leases and commitments kept off the balance sheet fill the gap.

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The Part On the Docket