Key insights
- Alphabet's Q1 earnings beat revenue expectations, driven by a strong performance in Google Cloud, which grew 63% and exceeded $20 billion. While YouTube advertising revenue slightly missed estimates, the overall positive results, particularly in cloud, could positively influence market sentiment towards tech stocks and cloud-focused companies.
Alphabet reported first-quarter earnings after the bell Wednesday.
- Earnings per share: $5.11 * Revenue: $109.9 billion vs $107.2 billion expected by analysts polled by LSEG
It is unclear if EPS was comparable to the $2.63 expected by analysts polled by LSEG.
Wall Street was also watching several other numbers in the report:
- Google Cloud: $20.02 billion vs. $18.05 billion estimated, according to StreetAccount * YouTube advertising: $9.88 vs. $9.99 billion estimated, according to StreetAccount * Traffic acquisition costs: $15.22 vs. $15.3 billion estimated, according to StreetAccount
Source: https://www.cnbc.com/2026/04/29/alphabet-googl-q1-2026-earnings.html