"Alphabet's Q1 2026 revenue reached $109.896 billion, marking a 22% increase, with profit soaring 81%. Google Search revenue was $60.399 billion, up 19%, countering fears that AI would diminish its market share."
"CEO Sundar Pichai stated that AI is 'lighting up every part of this business', highlighting that Google is processing over 16 billion tokens per minute through its Gemini API."
"Google Cloud revenue grew 63% year-over-year, with backlog increasing from $240 billion to $460 billion, showcasing Alphabet's significant investment in AI infrastructure."
"Microsoft's quarter showed an EPS of $4.27, beating expectations, but Azure cloud growth of 39% disappointed investors, indicating a gap between performance and market expectations."
Alphabet reported Q1 2026 revenue of $109.896 billion, a 22% increase, with Google Search revenue at $60.399 billion, up 19%. CEO Sundar Pichai emphasized AI's role in driving growth, with queries at an all-time high. Google Cloud revenue surged 63% year-over-year, and backlog increased significantly. In contrast, Microsoft reported a 39% growth in Azure cloud but fell short of market expectations despite a strong EPS. Alphabet's stock rose significantly, reflecting investor confidence in its performance.
Read at 24/7 Wall St.
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