Alphabet · 2026-04-29

GOOGL Q1 2026 Earnings: Results, Stock Reaction & Outlook Earnings Release Summary

Revenue: $109.9B; EPS: $5.11 diluted EPS; Profit signal: Net income up 81% and EPS up 82%; Business driver: Search revenue grew strongly while Google Cloud reached $20.0B and continued to scale as an AI infrastructure business.

Revenue $109.9B

Revenue: $109.9B

EPS $5.11

EPS: $5.11 diluted EPS

Profit signal 81%

Profit signal: Net income up 81% and EPS up 82%

Business driver $20.0B

Business driver: Search revenue grew strongly while Google Cloud reached $20.0B and continued to scale as an AI infrastructure business.

Reported data

GOOGL key reported figures

01
Revenue

Revenue: $109.9B

Why it matters

Revenue growth was +22% YoY; the question is whether the growth mix supports the next valuation bar.

02
EPS

EPS: $5.11 diluted EPS

Why it matters

EPS is the headline profit number, but it has to be read with margin quality and spending needs.

03
Profit signal

Profit signal: Net income up 81% and EPS up 82%

Why it matters

This is the quality check behind the headline earnings result.

04
Business driver

Business driver: Search revenue grew strongly while Google Cloud reached $20.0B and continued to scale as an AI infrastructure business.

Why it matters

The stock reaction depends on whether this driver can keep compounding.

Sources

Original document and provenance

Alphabet Q1 2026 results