Q1 26 EPS
$5.11
Q1 26 Revenue
$109.90B
BEAT +2.67%
Est. $107.03B
vs S&P Since Q1 26
+10.6%
BEATING MARKET
GOOGL +10.9% vs S&P +0.3%
Market Reaction
Did GOOGL Beat Earnings? Q1 2026 Results
Alphabet posted a blowout first quarter for fiscal 2026, with earnings per share of $5.11 nearly doubling the consensus estimate of $2.63 by a remarkable 94.10%, marking the fourth consecutive quarter the company has beaten EPS expectations. Revenue … Read more Alphabet posted a blowout first quarter for fiscal 2026, with earnings per share of $5.11 nearly doubling the consensus estimate of $2.63 by a remarkable 94.10%, marking the fourth consecutive quarter the company has beaten EPS expectations. Revenue climbed 21.8% year over year to $109.90 billion, edging past the $107.03 billion consensus by 2.67%, as broad-based strength across Google Services and an explosive performance from Google Cloud, which grew 63% to $20.03 billion fueled by enterprise AI adoption and infrastructure demand, powered the quarter. Operating income rose 30% to $39.70 billion, lifting operating margins to 36.1%, while net income of $62.58 billion reflected a substantial boost from $36.91 billion in unrealized equity gains. Capital expenditures more than doubled to $35.67 billion as Alphabet pressed forward with aggressive AI infrastructure investment, a buildout pace that has drawn rising institutional interest in the stock. The company also raised its quarterly dividend by 5% to $0.22 per share.
Key Takeaways
- • Google Search & other revenue growth of 19% driven by AI experiences increasing usage and queries
- • Google Cloud revenue acceleration to 63% growth driven by enterprise AI Solutions, AI Infrastructure, and core GCP services
- • Google Cloud backlog nearly doubling quarter on quarter to over $460 billion
- • Paid subscriptions reaching 350 million driven by YouTube and Google One
- • Google subscriptions, platforms, and devices revenue growth of 19%
- • Net unrealized gains on equity securities of $36.9 billion boosting net income
- • Operating margin expansion of 2 percentage points to 36.1%
GOOGL YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
GOOGL Revenue by Segment
With YoY comparisons, source: SEC Filings
GOOGL Revenue by Geography
With YoY comparisons, source: SEC Filings
“2026 is off to a terrific start. Our AI investments and full stack approach are lighting up every part of the business. Search had a strong quarter with AI experiences driving usage, queries at an all time high, and 19% revenue growth. Google Cloud revenues grew 63% with backlog nearly doubling quarter on quarter to over $460 billion. This was our strongest quarter ever for our consumer AI plans, driven by the Gemini App. Overall the number of paid subscriptions has now reached 350 million, with YouTube and Google One being the key drivers. Gemini Enterprise has great momentum with 40% quarter on quarter growth in paid monthly active users. And, finally, I'm pleased to see Waymo surpass 500,000 fully autonomous rides a week.”
— Sundar Pichai, Q1 2026 Earnings Press Release
GOOGL Earnings Trends
GOOGL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GOOGL EPS Trend
Earnings per share: estimate vs actual
GOOGL Revenue Trend
Quarterly revenue: estimate vs actual
GOOGL Quarterly Results
12 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $5.11 | — | $109.90B | +2.67% |
| Q4 25 BEAT FY | $2.63 | $2.82 | +7.22% | $113.83B | — |
| FY Full Year | $10.60 | $10.81 | +2.03% | $402.84B | +0.62% |
| Q3 25 BEAT | $2.27 | $2.87 | +26.70% | $102.35B | +2.20% |
| Q2 25 BEAT | $2.20 | $2.31 | +5.04% | $96.43B | +2.61% |
| Q1 25 BEAT | $2.01 | $2.81 | +39.75% | $90.23B | +1.21% |
| Q4 24 BEAT FY | $2.13 | $2.15 | +0.94% | $96.47B | — |
| FY Full Year | — | $8.04 | — | $350.02B | — |
| Q3 24 BEAT | $1.84 | $2.12 | +15.22% | $88.27B | +2.28% |
| Q2 24 BEAT | $1.84 | $1.89 | +2.72% | $84.74B | +0.65% |
| Q1 24 BEAT | $1.51 | $1.89 | +25.17% | $80.54B | +2.48% |
| Q4 23 BEAT FY | $1.59 | $1.64 | +3.14% | $86.31B | +1.15% |
| FY Full Year | — | $5.80 | — | $307.39B | — |
| Q1 23 BEAT | $1.06 | $1.17 | +10.38% | $69.79B | +1.31% |
| Q4 22 MISS FY | $1.18 | $1.05 | -11.02% | $76.05B | -0.63% |
| FY Full Year | — | $4.56 | — | $282.84B | — |