The David Lin Report · Friday, October 30, 2026
David Lin and Chris Vermeulen discussed Google's recent earnings report, highlighting a massive 30% miss on consensus earnings per share expectations. Vermeulen noted that Google is one of the top spenders on AI, which is currently harming its core search revenue.
“Even though some of these tech companies are beating revenues, they're also losing a lot of money and free cash flow because they're spending a lot on CapEx. And investors are punishing them for that.”
“Google missed EPS consensus. It was $3.01. $3.01 was a consensus EPS. They reported 2.12. So that's, I mean, that's huge.”