#alphabet

Alphabet reported Q1 2026 revenue of $109.9 billion, up 22% year over year. Google Cloud surged 63% to $20.03 billion — its first $20B quarter — while net income jumped 81% to $62.6 billion. The stock rose 6% after the report.

Google used its latest quarter to argue that AI is no longer just a capex story. Cloud revenue rose 63% past $20 billion, while core AI response costs in AI Overviews and AI Mode fell by more than 30% after the Gemini 3 upgrade.