Alphabet Inc. (GOOGL) reported first-quarter 2026 earnings on April 29, revealing earnings of $5.11 per share, significantly exceeding the Zacks Consensus Estimate of $2.64 by 93.56%. This marks an 81.85% increase compared to $2.81 per share in Q1 2025. The company’s revenues for the quarter reached $94.67 billion, surpassing expectations of $92.22 billion and reflecting a 23.77% year-over-year growth.
Alphabet’s net income surged to $62.58 billion, an 81.17% increase from the same period last year, with operating income of $39.69 billion, a rise of 29.7%. Google advertising revenue reached $77.25 billion, up 15.5% from last year, while the Google Cloud segment reported revenues of $20.03 billion, a 63.36% increase year-over-year. Capital expenditures for the quarter doubled to $35.67 billion, with a full-year outlook raised to $180-$190 billion.
Following the earnings report, GOOGL shares rose approximately 6.4% in pre-market trading on April 30. Alphabet’s CEO, Sundar Pichai, emphasized the company’s strong start to 2026, particularly in consumer AI initiatives, as paid subscriptions grew to 350 million, driven by platforms like YouTube and Google One.
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