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Alphabet raises 2026 CapEx guidance to $190B, plans equity raise to fund cloud growth amid strong demand.

Market News
04 Jun 2026
24/7 Wall Street
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Bullish
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Alphabet increased its 2026 capital expenditure guidance to $180-$190 billion, up from $175-$185 billion, driven by the Intersect acquisition and strong demand in Google Cloud. The company spent a record $35.67 billion in Q1 2026 and plans to raise equity capital, shifting from its usual stock buybacks, to fund expanding cloud infrastructure. Google Cloud's backlog nearly doubled to $462 billion, with over half expected to convert to revenue within 24 months, highlighting robust customer demand. Despite a recent stock dip, Alphabet posted strong Q1 earnings with 22% revenue growth and a 63% increase in cloud revenue, signaling continued growth and capital discipline. The company also raised its dividend by 5%, indicating confidence in long-term demand and financial health.

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