Google (GOOGL) Q1 2026 Earnings
Includes a $36.9 billion net gain on equity securities (primarily unrealized gains on non-marketable equity securities), which the company states increased net income by $28.7 billion and diluted net income per share by $2.35; other income (expense), net totaled $37.7 billion.
How Did GOOGL Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: +5.69%.
Did GOOGL Beat Earnings? Q1 2026 Results
Yes. Google reported Q1 2026 earnings of $5.11 a share on Apr 29, 2026, beating the $2.63 consensus estimate by 94.1%. Revenue was $109.9B against a $107.0B estimate.
Alphabet delivered a blowup first quarter for fiscal 2026, posting GAAP diluted EPS of $5.11 against a consensus estimate of $2.67, a beat of 91.34%, extending its streak of beating consensus EPS estimates to ten consecutive quarters. Revenue of $109.90 billion topped estimates by 2.67% and rose 21.8% year over year, marking the company's eleventh straight quarter of double-digit growth. The headline earnings figure, however, was heavily shaped by a $36.91 billion net gain on equity securities, primarily unrealized gains on non-marketable equity securities, which the company disclosed added $2.35 to diluted EPS and $28.70 billion to net income while raising the tax provision by $8.20 billion. Strip away the noise and the underlying story remains compelling: Google Cloud revenue surged 63%, with operating income climbing to $6.60 billion from $2.18 billion a year earlier, as enterprise AI demand accelerated across infrastructure and platform services. With investors increasingly focused on which companies can monetize AI at scale, Alphabet's cloud acceleration offers a clear answer to that question.
- Google Cloud revenue up 63%, led by GCP across enterprise AI Solutions, enterprise AI Infrastructure and core GCP services
- Search revenue up 19%, with AI experiences driving usage and queries at an all-time high
- Google subscriptions, platforms, and devices up 19%, driven by consumer AI plans (Gemini App), YouTube and Google One
- YouTube ads revenue up 11%
- Operating margin expanded 2 percentage points to 36.1%
- $36.9 billion net gain on equity securities lifted other income to $37.7 billion
“2026 is off to a terrific start. Our AI investments and full stack approach are lighting up every part of the business. Search had a strong quarter with AI experiences driving usage, queries at an all time high, and 19% revenue growth. Google Cloud revenues grew 63% with backlog nearly doubling quarter on quarter to over $460 billion.”
Google CEO, on the earnings call
GOOGL YoY Financials
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $109.9B | $90.2B | +21.8% |
| Operating Income | $39.7B | $30.6B | +29.7% |
| Net Income | $62.6B | $34.5B | +81.2% |
GOOGL Revenue by Segment
GOOGL Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.