US Edition
Alphabet beats on revenue, with cloud booming 63% and topping $20 billion
Google Cloud’s growth was driven by AI demand and infrastructure sales, while operating income tripled to $6.6 billion, Alphabet said.
- Google Cloud revenue surged 63% to $20 billion in the first quarter of 2026, marking the strongest growth rate since the unit began reporting segment revenue in 2020.
- Alphabet CEO Sundar Pichai attributed this growth to "strong demand" for Gemini Enterprise and AI infrastructure, noting the company began selling TPU chips directly to customers for the first time.
- Google Cloud's backlog doubled to $462 billion during the quarter, though the company expects to work through 50% over the next 24 months despite compute constraints.
- Alphabet shares rose more than 7% in extended trading, outperforming Amazon and Meta Platforms, as analysts noted Google is capturing market share across the cloud sector.
- Major cloud providers plan to spend over $600 billion this year to expand AI capacity, while Alphabet maintains a robust planning framework to capitalize on "extraordinary opportunities" despite compute bottlenecks.
43 Articles
43 Articles
Is This AI Stock a Buy After a Game-Changing Earnings Report?
Key PointsGoogle Cloud revenue grew 63% year over year, marking the segment's third straight quarter of accelerating growth.Capital expenditures more than doubled, driving free cash flow sharply lower.After a sharp rally, the stock now commands a price-to-adjusted earnings ratio in the thirties.10 stocks we like better than Alphabet › It's not easy for a multi-trillion-dollar business to actually speed up significantly. Yet that's essentially wh…
Wall Street Lifts Alphabet Price Targets After Cloud's 63% Growth: Is the AI Stack Story Just Getting Started?
Wall Street is responding to Alphabet‘s (NASDAQ:GOOGL | GOOGL Price Prediction) blowout Q1 2026 report with a synchronized wave of price target hikes. At least six firms raised targets on April 30, with Susquehanna lifting to $460 from $400, Canaccord to $450 from $415, and TD Cowen to $450 from $375, calling the cloud number ... Wall Street Lifts Alphabet Price Targets After Cloud’s 63% Growth: Is the AI Stack Story Just Getting Started?
Alphabet shares jump 6 per cent as AI drives record Google Cloud growth
Alphabet topped Wall Street estimates for quarterly revenue on Wednesday, as enterprise spending on artificial intelligence delivered the best quarter of reported growth for its cloud unit yet. Shares of the company were up more than 6 per cent in extended trading. The Google parent company’s total revenue rose 22 per cent to $109.9 billion in the first quarter, above an estimate of $107.2 billion, according to LSEG data. Revenue at Google Clo…
Alphabet revenue tops expectations on record quarter for cloud unit
Alphabet topped Wall Street estimates for quarterly revenue on Wednesday, April 29, as enterprise spending on artificial intelligence delivered the best quarter of reported growth for its cloud unit yet. Shares of the company were up more than 6% in extended trading. The Google parent company’s total revenue rose 22% to $109.9 billion in the first quarter, above an estimate of $107.2 billion, according to LSEG data. Revenue at Google Cloud grew …
Coverage Details
Bias Distribution
- 54% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
