"Google reported a record revenue of $109.9 billion for Q1 2026, marking a 22% increase and an earnings per share of $5.11, which is an 82% rise."
"The Google Cloud division achieved $20 billion in revenue, representing a staggering 63% increase, primarily serving large enterprise customers with AI infrastructure."
"Despite concerns about chatbots impacting traditional search engines, Google's search revenue climbed 19%, suggesting that AI search summaries are enhancing user engagement."
"In contrast to Google's success, Meta's stock is plunging, indicating a lack of investor confidence in its AI strategy despite similar growth in capital expenditures."
Google's Q1 2026 results showed a record revenue of $109.9 billion, a 22% increase, and an EPS of $5.11, up 82%. The search revenue rose 19%, indicating resilience against chatbot competition. The Google Cloud division generated $20 billion, a 63% increase, primarily serving enterprise customers with AI infrastructure. In contrast, Meta's stock fell despite similar capital expenditures and revenue growth, highlighting differing investor confidence in their AI strategies.
Read at Fast Company
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