GOOGL After-Hours Close: $331.14 (-3.20%) — Market Closes on Capex Concern

Alphabet after-hours trading closed at $331.14, down 3.20% for the session. The negative free cash flow of -$5.9B — driven by Q2 capex of $44.9B (+100% YoY) and FY2026 guidance raised to ~$205B — dominated investor sentiment despite beats on EPS and revenue across Search (+17%), YouTube (+13%), and Cloud (+82%). The stock recovered from an after-hours low of approximately -4.69% as traders processed the capex-as-investment narrative, but the net result is the steepest post-earnings decline for Alphabet in over a year.