Never bet against Google. (Spoiler: GenAI exploded) Alphabet released the Q1 earnings yesterday. At the tim…
by Marcel Hollerbach · World of Commerce
Never bet against Google. (Spoiler: GenAI exploded) Alphabet released the Q1 earnings yesterday. At the time of writing the stock is already up 5.73% (before market open).
The highlights:
💰 Total Revenue reached $109.9 billion, a 22% year-over-year increase. This marks Alphabet's 11th consecutive quarter of double-digit revenue growth.
Net income surged 81% to $62.6 billion. 😳
Cloud revenue (the star performer) crossed the $20 billion mark for the first time, hitting exactly $20 billion on 63% YoY growth.
But what's most interesting and relevant to me:
GenAI Revenue exploded. Revenue from products built on Alphabet's GenAI models grew nearly 800% YoY.
On the other hand Alphabet is raising raising its 2026 capital expenditure guidance to $180 billion – $190 billion to feed the internal and external demand for AI compute. 🤯
This is not financial advice. Do your own research.