Alphabet Inc. Q1 2026 Earnings Recap

GOOGL Q1 2026 April 30, 2026

Get alerts when GOOGL reports next quarter

Headline Summary: Alphabet shares surged 10% after the company reported Q1 earnings, as cloud revenue sharply accelerated and multiple key AI and subscription metrics showed outsized growth that surpassed investor expectations. Key Takeaways:

Earnings Per Share Beat

$5.11 vs $2.64 est.

+93.6% surprise

Revenue Beat

109896000000 vs 106658700000 est.

+3.0% surprise

Market Reaction

1-Day +0.23%

5-Day +0.94%

30-Day -0.48%

See GOOGL alongside your other holdings

Add to your portfolio — free

Key Takeaways

Google Cloud revenue grew 63%, exceeding $20 billion for the first time with cloud backlog nearly doubling quarter-on-quarter to over $460 billion.
Cloud demand was driven by explosive growth in GenAI products, with revenue from AI model-based offerings up nearly 800% year-over-year and new customer acquisition doubling.
Search & Other revenue grew 19%, supported by robust usage of new AI-powered features and all-time-high query volumes.
Paid subscriptions reached 350 million, led by the Gemini app and continued momentum in YouTube and Google One.
Multiple AI milestones highlighted, including 40% sequential growth in Gemini Enterprise paid users and over 500 million downloads of open-source AI models.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit GOOGL on AllInvestView.

Previous Q3 2025