Alphabet (GOOGL, GOOG) is poised to post a Q4 beat, driven by a stable advertising market, which will support its Search and YouTube business, BofA Securities said in a note Friday.

The brokerage said that usage might also have accelerated on the Gemini 3 release and now expects search growth to be between 15% and 16% and YouTube growth between 14% and 15%.

BofA estimates Q4 earnings per share of $2.65 and revenue of $95.9 billion, versus Street estimates of $2.64 and $95.2 billion, respectively.

BofA analysts said the sentiment around the growing percentage of Google searches in artificial intelligence-native is underestimated by the market in 2026, and the company's Gemini 3 and Tensor Processing Units are increasingly differentiating its offerings, which could support new mega-deal wins for its Cloud business.

Alphabet said it will disclose its fiscal Q4 results on Wednesday.

BofA reiterated its buy rating and a price target of $370 on the stock.

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