Alphabet Inc. (GOOGL) reported strong Q4 results on October 26, 2023, with sales reaching a record $97.23 billion, a 19% year-over-year increase and a 2% beat on estimates. The company’s Q4 net income hit $34.46 billion, translating to adjusted earnings of $2.82 per share, exceeding expectations by nearly 10%. The surge in revenue was largely driven by a 48% increase in Google Cloud revenue to $17.66 billion, fueled by AI-driven demand.
For the full fiscal year 2025, Alphabet’s annual revenue surpassed $400 billion for the first time, totaling $403 billion, an increase of 15% year-over-year. The company emphasized robust AI momentum and a Google Cloud backlog of $240 billion, a 55% increase from the previous quarter. However, Alphabet announced a significant 2026 capital expenditure projection of $175-$185 billion, nearly doubling its 2025 spending, focused on expanding AI compute capacity and cloud infrastructure.
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