Alphabet Q1 2026: Google Cloud Revenue Surges 63%, Net Income Up 81% to $62.6B
CNBC·high signal
Alphabet reported Q1 2026 earnings beating expectations, with Google Cloud recording 63% revenue growth YoY to surpass $20B quarterly revenue for the first time. Net income hit $62.6B ($5.11/share), up 81% from a year prior. However, Alphabet guided $175–185B in AI capex for 2026, and executives noted that growth was actually capacity-constrained — meaning Cloud could have grown even faster with more infrastructure.