Alphabet exceeds expectations with 109.9 billion dollars in first quarter revenue

Apr 29, 2026, 8:09:04 PM UTC(1 day ago)

Impact: Medium

Affected Assets

The reported revenue of 109.9 billion dollars significantly outperformed the Wall Street consensus estimate of 106.89 billion dollars
Google Cloud revenue surged by approximately 50 percent year over year as the company continues to scale its artificial intelligence infrastructure
Alphabet maintained its massive 2026 capital expenditure guidance of 175 billion to 185 billion dollars to support Gemini AI deployment
Analysts from Bank of America and Evercore ISI maintained bullish outlooks with price targets ranging from 370 to 400 dollars following the results
The earnings beat marks the tenth consecutive quarter that the tech giant has surpassed analyst revenue projections

JUST IN: Google $GOOGL reports $109.9 billion in revenue for Q1 2026, beating expectations. https://t.co/9YaDffoDaU