Alphabet Q4 2025: revenue $113.8B up 18%, 2026 capex guided to $175B-$185B

Alphabet GOOGL AI data centers and capex Gemini app and models Google Cloud

Alphabet reported fourth-quarter 2025 revenue of $113.8 billion, up 18%, with diluted EPS of $2.82 and Google Cloud revenue up 48% to $17.7 billion. The bigger news was guidance for 2026 capital expenditures of $175 billion to $185 billion, nearly double the $91.4 billion spent in 2025. The Gemini app was reported above 750 million monthly active users.

Revenue $113.8B (+18% YoY); diluted EPS $2.82
Google Cloud revenue $17.7B (+48%); Cloud operating income $5.3B
2026 capex outlook $175B to $185B; FY2025 capex $91.4B
Gemini app above 750 million monthly active users

GOOGL around the story · hourly24 h reaction ▼ 3.27%

Moves this explains

GOOGL−4.24%Feb 3 · GOOGL fell 4.24% to $328.66 as the market reacted to 2026 capex guidance of $175B-$185B, well above the roughly $119.5B analysts had expected, even though Q4 revenue beat. Software and AI names sold off the same day (PLTR -10.69%, AMD -8.00%, COIN -6.73%). Press reports place the post-results drop on the following session, a day later than the date shown here.

Source

SEC Form 8-K Exhibit 99.1

Feb 4, 2026

Read the original ↗

SEC filing 8-K · accession 0001652044-26-000012 · sec.gov ↗