{
  "title": "Google 租機房也要接單，雲端獲利撐得住",
  "date": "2026-10-23",
  "url": "https://valueledger.co/notes/2026-10-23-research-alphabet-google-cloud-rented-capacity.html",
  "md_url": "https://valueledger.co/notes/2026-10-23-research-alphabet-google-cloud-rented-capacity.md",
  "summary": "2026 年 6 月 1 日，Alphabet 宣布一套約 800 億美元的股權籌資方案。這家公司一向是買回自家股票的那一方，這次反過來賣。",
  "key_numbers": [
    {
      "number": "800 億美元",
      "sentence": "2026 年 6 月 1 日，Alphabet 宣布一套約 800 億美元的股權籌資方案。"
    },
    {
      "number": "100 億美元",
      "sentence": "方案裡有一筆畫面很清楚：波克夏私募買進 100 億美元，A 股每股 351.81 美元。"
    },
    {
      "number": "351.81 美元",
      "sentence": "方案裡有一筆畫面很清楚：波克夏私募買進 100 億美元，A 股每股 351.81 美元。"
    },
    {
      "number": "303 億美元",
      "sentence": "Alphabet 2026 年第三季 Google Cloud 營收會達到 303 億美元以上，比去年同期翻倍；營業利益仍會高於第二季的 88.1 億美元。"
    },
    {
      "number": "88.1 億美元",
      "sentence": "Alphabet 2026 年第三季 Google Cloud 營收會達到 303 億美元以上，比去年同期翻倍；營業利益仍會高於第二季的 88.1 億美元。"
    },
    {
      "number": "5,140 億美元",
      "sentence": "第二季結束時，雲端還沒認列的合約（業界叫 backlog，客戶已簽約、還沒用掉的金額）有 5,140 億美元，一季多了 500 多億（Alphabet 第二季財報，2026-07-22）。"
    },
    {
      "number": "247.7 億美元",
      "sentence": "同一季營收 247.7 億美元，年增 82%。"
    },
    {
      "number": "82%",
      "sentence": "同一季營收 247.7 億美元，年增 82%。"
    },
    {
      "number": "23%",
      "sentence": "廣達 9 月營收月減 23%，市場一度緊張。"
    },
    {
      "number": "1.7 倍",
      "sentence": "做 TPU 材料的台光電，9 月年增將近 1.7 倍。"
    }
  ],
  "companies": [
    {
      "code": "2382",
      "name": "廣達"
    },
    {
      "code": "2383",
      "name": "台光電"
    },
    {
      "code": "2330",
      "name": "台積電"
    },
    {
      "code": "2368",
      "name": "金像電"
    }
  ],
  "sources": [
    "https://www.sec.gov/Archives/edgar/data/1652044/000165204426000066/googexhibit991q22026.htm",
    "https://www.sec.gov/Archives/edgar/data/0001652044/000165204426000043/googexhibit991q12026.htm",
    "https://s206.q4cdn.com/479360582/files/doc_news/2026/Jun/01/attachments/2026-June-Alphabet-Equity-Capital-Raise-Press-Release-PDF.pdf",
    "https://www.marketbeat.com/instant-alerts/alphabet-q2-earnings-call-highlights-2026-07-22/",
    "https://w.media/ai-infrastructure-demand-pushes-alphabets-2026-capex-guidance-to-us-205-billion/",
    "https://www.fierce-network.com/cloud/google-cloud-surges-alphabets-ai-capex-problem-grows",
    "https://www.fool.com/investing/2026/10/18/predict-alphabet-report-google-cloud-revenue/",
    "https://www.top1markets.com/news/alphabet-q3-2026-earnings-preview-cloud-capex",
    "https://statementdog.com/news/17848",
    "https://openapi.twse.com.tw/v1/opendata/t187ap05_L",
    "https://valueledger.co/company/2382.html",
    "https://www.datacenterknowledge.com/ai-data-centers/microsoft-neocloud-deals-cross-60-billion-in-ai-spending-frenzy"
  ]
}