Alphabet (GOOGL) Q1 2026 (USD): EPS 2.82 (exp. 2.63), Revenue 113.8bln (exp. 106.88bln)
- Raises dividend +5% to 0.22/shr
- Google Services revenue +16% to USD 89.637bln (exp. 88.11bln)
- Google Search & other +19% to USD 60.399bln (exp. 59.08bln)
- YouTube ads +11% to USD 9.883bln (exp. 9.97bln)
- Google subscriptions, platforms, and devices +19% to USD 12.384bln
- Google Cloud accelerated 63% to USD 20.028bln (exp. 18.41bln)
- Cloud operating income rose to USD 6.598bln from USD 2.177bln
COMMENTARY:
- 2026 is off to a terrific start.
- AI investments and full stack approach are lighting up every part of the business.
- Search had a strong quarter with AI experiences driving usage, queries at an all time high, and 19% revenue growth.
- Google Cloud revenues grew 63% with backlog nearly doubling quarter on quarter to over USD 460bln
- Was the strongest quarter ever for our consumer AI, driven by the Gemini App; overall the number of paid subscriptions has now reached 350mln, with YouTube and Google One being the key drivers
- Gemini Enterprise has great momentum with 40% Q/Q in paid monthly active users.
- Waymo surpass 500,000 fully autonomous rides a week
Context
Alphabet's Q1 results demonstrate a strong performance, beating expectations on EPS and revenue significantly, with key growth in Google Cloud and AI initiatives driving these outcomes. The raise in dividend and notable increases in Google Services and Search revenues signal solid demand and a positive outlook, suggesting continued investment potential and confidence in Alphabet's strategic direction. Overall, these results could bolster sentiment in tech stocks and position GOOGL favorably in the ongoing market landscape.
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