• Alphabet Inc. (NASDAQ:GOOGL) is expected to report a 20% increase in earnings per share (EPS) year-over-year, with an EPS estimate of $2.58.
• Projected revenue for the period stands at approximately $111.48 billion, with AI-powered Search contributing $61.27 billion.
• The stock is anticipated to experience significant movement post-earnings, with options pricing suggesting a fluctuation of over 5%.

Alphabet Inc. (NASDAQ:GOOGL), the parent company of Google and YouTube, is a major player in the technology sector. Known for its dominance in online advertising and search engine services, Alphabet also ventures into cloud computing and artificial intelligence. As a part of the "Magnificent Seven" tech stocks, it competes with giants like Meta Platforms and Microsoft.

On February 4, 2026, Alphabet is set to release its quarterly earnings, with Wall Street analysts estimating an earnings per share (EPS) of $2.58. This reflects a 20% increase year-over-year. The revenue for this period is projected to be approximately $111.48 billion, with $61.27 billion expected from AI-powered Search, as highlighted by Benzinga.

Traders anticipate significant stock price movement post-earnings, with options pricing suggesting a fluctuation of over 5% from Monday's closing price of just under $345. This could see the stock range from a low of $328 to a high of $362, potentially reaching new record highs. Alphabet's stock has already rallied about 25% since its last quarterly report in late October.

Despite challenges like rising costs and advertising pressures, Alphabet has consistently surpassed earnings expectations, with an average surprise of 18.74% over the past four quarters. The company maintains a strong financial position, with a low debt-to-equity ratio of 0.09 and a current ratio of 1.75, indicating good liquidity to cover short-term liabilities.

Alphabet's performance is closely watched by investors, especially as it holds the second-largest position in the Roundhill Magnificent Seven ETF at 15.34%. Its earnings announcement, alongside Amazon's, could significantly impact market indexes and major ETFs. As the top performer among the Magnificent Seven in 2025, Alphabet's results are eagerly anticipated.