Quarterly ResultApr 30, 2026, 06:17 AM
GOOGL Q1 Revenue +21.8% to $109.9B; Net Income +81.2% to $62.6B; EPS $5.17
AI Summary
Alphabet Inc. reported strong first-quarter 2026 results, with revenues increasing 21.8% to $109.9 billion and net income surging 81.2% to $62.6 billion. Diluted EPS rose to $5.11. Growth was driven by significant performance in Google Cloud, which saw a 63.4% revenue increase, and solid contributions from Google Search and YouTube ads. The company also declared a quarterly dividend of $0.21 per share and reported a revenue backlog of $467.6 billion, primarily from Google Cloud.
Key Highlights
- Q1 2026 revenues increased 21.8% YoY to $109.9 billion.
- Q1 2026 net income rose 81.2% YoY to $62.6 billion.
- Diluted net income per share for Q1 2026 was $5.11, up from $2.81 YoY.
- Google Cloud revenue grew 63.4% YoY to $20.0 billion.
- Google Search & other revenue increased 19.1% YoY to $60.4 billion.
- YouTube ads revenue increased 10.7% YoY to $9.9 billion.
- Declared a quarterly dividend of $0.21 per share for Q1 2026.
- Revenue backlog reached $467.6 billion as of March 31, 2026, with $462.3 billion from Google Cloud.