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● Fourth-quarter guidance points to slower growth, lowerMarginand lower EPS.
● Full-year service revenue is now guided to $5.15 billion to $5.17 billion.
● Google SearchRevenuerose 12% to $63.4 billion, below the $64.9 billion consensus.
● Dell, HP, Coherent and Nebius also dropped sharply in the pre-market snapshot.
● September-quarter guidance calls for 9% to 11%Revenuegrowth and 47% to 48% gross margin.
● Investors sorted mega-caps by AI spending andCash Flowrather than selling the group.
● ServiceNow had its worst day on record and Fortinet cut service revenue guidance.
● Adjusted EBITDA reached $10.47 million against a consensus of $8.83 million.
● Alphabet's worst day since its 2004 IPO putCash Flowand AI spending in focus.
● A report said Marvell is in advanced talks to acquire Lumentum.
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