Alphabet Q1 2026 revenue rises 22% to $109.9B; Google Cloud revenue up 63% to $20.0B
Alphabet's first-quarter 2026 earnings release, dated April 29, 2026, reported revenue up 22% to $109.9 billion and Google Cloud revenue up 63% to $20.0 billion. Diluted EPS rose 82% to $5.11, but net income includes a $37.7 billion net gain, mostly unrealized gains on non-marketable equity securities, so EPS overstates operating earnings growth. The quarterly dividend rose 5% to $0.22.
- Revenue $109.9B, up 22% year over year (19% in constant currency)
- Google Cloud revenue $20.0B, up 63%
- Diluted EPS $5.11, up 82%; includes a $37.7B net gain, mainly unrealized gains on equity stakes
- Quarterly dividend raised 5% to $0.22
GOOGL around the story · hourly24 h reaction ▲ 8.59%
Moves this explains
AMD+6.86%Apr 28 · AMD rose 6.9% on a day when Alphabet rose 7.1% after its Q1 2026 report (revenue up 22% to $109.9B, Google Cloud up 63%). Intel rose 14.8%, while Meta fell 7.4% on its higher 2026 capex guidance and the S&P 500 gained only 0.1%. The move reads as an AI-infrastructure reaction; no report ties AMD directly to Alphabet's results.GOOGL+7.12%Apr 28 · GOOGL rose 7.12% to $375.28 after the Q1 2026 report: revenue up 22% to $109.9B and Google Cloud up 63%. Press coverage dates the post-earnings surge (about +10%) to April 30, a session later than the date shown here. Capex guidance was raised to $180B-$190B, which coverage cited as the main offset.Source
Alphabet 8-K, Q1 2026 earnings release (SEC)Apr 29, 2026
SEC filing 8-K · accession 0001652044-26-000043 · sec.gov ↗