Alphabet's CEO Sundar Pichai announced a major shift in the company's growth engine during Q1 2026 earnings. Revenue from AI-based products surged nearly 800% year-over-year, with Google Cloud revenue up 63% to over $20 billion and operating income tripling to $6.6 billion. The cloud backlog nearly doubled quarter-over-quarter to $460 billion, indicating strong contracted demand, supported by multiple billion-dollar deals. While advertising revenue continues to grow, AI-driven enterprise solutions are now the primary growth driver, though near-term compute constraints and increased capital expenditures pose challenges. Investors are optimistic, with Alphabet's stock up 17% year-to-date and 121% over the past year.
Alphabet reported weaker-than-expected results for Q3, missing both revenue and earnings per share estimates. Most business segments showed slowing growth except for the Cloud division, which grew 103% year-over-year and improved its profit margins. ...
OpenAI's annualized revenue fell short of expectations, highlighting risks in the AI ecosystem due to large capital investments and negative cash flow. Meanwhile, Alphabet and Microsoft reported strong AI-driven revenue growth, with Alphabet's Q3 rev...
Alphabet's Other Bets segment, including Waymo, generated $372 million in Q3 revenue, just 0.3% of total sales, but posted a $2.05 billion operating loss. Waymo is expanding its robotaxi service across 15 U.S. cities and internationally to Canada, Ge...
Alphabet reported third-quarter revenue of $127.6 billion, slightly below analyst expectations of $128 billion, and earnings per share of $2.12, well under the $3.02 expected. The company’s heavy investment in AI, costing $51.4 billion and resulting ...
Alphabet reported lower-than-expected profit and revenue for Q3, with a $9.07 billion negative free cash flow driven by heavy AI-related spending. The company’s core ad revenue fell short by $1.41 billion, while Google Cloud revenue more than doubled...
