Global Finance News
29 Apr 2026, 23:10
Alphabet Reports 22% Revenue Growth in Q1 2026, Driven by AI and Cloud
Alphabet posted first-quarter revenues of $109.9 billion, up 22% year over year, marking its 11th consecutive quarter of double-digit growth. Google Cloud was the standout performer, with revenues surging 63% to $20 billion, while its backlog nearly doubled quarter over quarter to over $460 billion.
Google Search grew 19% and total paid subscriptions reached 350 million across YouTube and Google One. Net income rose 81% with earnings per share of $5.11, and operating margin expanded to 36.1%. The company also raised its quarterly dividend by 5% to $0.22 per share.
CEO Sundar Pichai highlighted that Gemini API usage has reached 16 billion tokens per minute, up 60% from last quarter, while Waymo surpassed 500,000 fully autonomous rides per week.
Source: Alphabet Inc. Press Release, April 29, 2026
Alphabet posted first-quarter revenues of $109.9 billion, up 22% year over year, marking its 11th consecutive quarter of double-digit growth. Google Cloud was the standout performer, with revenues surging 63% to $20 billion, while its backlog nearly doubled quarter over quarter to over $460 billion.
Google Search grew 19% and total paid subscriptions reached 350 million across YouTube and Google One. Net income rose 81% with earnings per share of $5.11, and operating margin expanded to 36.1%. The company also raised its quarterly dividend by 5% to $0.22 per share.
CEO Sundar Pichai highlighted that Gemini API usage has reached 16 billion tokens per minute, up 60% from last quarter, while Waymo surpassed 500,000 fully autonomous rides per week.
Source: Alphabet Inc. Press Release, April 29, 2026