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Alphabet Beats Q1, Revenue +22%, Cloud +63%, Shares Up 6%

4/30/2026

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Summary

Story summary

Alphabet beat Q1 expectations on April 29, 2026, sending shares up about 6% after hours.
Revenue hit $109.9 billion, up 22% YoY, while net income rose to $62.6 billion, an 81% gain.
Google Cloud posted $20 billion, a 63% YoY jump, while the cloud backlog topped $460 billion, nearly double the prior quarter.
Capex rose to $35.67 billion, prompting a full-year outlook of $180-190 billion and AI partnerships with Meta, Palo Alto Networks and Apple.

History

Historical Context

In February 2010 Microsoft introduced Azure, its first public cloud platform, joining the emerging cloud market that saw NASA and Rackspace launch the OpenStack project five months later; the move built on earlier enterprise-cloud efforts such as IBM’s SmartCloud (March 2011) and the U.S. FedRAMP accreditation, and under Satya Nadella’s 2014 leadership Azure became a core growth engine for the company.

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Story summary

Alphabet beat Q1 expectations on April 29, 2026, sending shares up about 6% after hours.
Revenue hit $109.9 billion, up 22% YoY, while net income rose to $62.6 billion, an 81% gain.
Google Cloud posted $20 billion, a 63% YoY jump, while the cloud backlog topped $460 billion, nearly double the prior quarter.
Capex rose to $35.67 billion, prompting a full-year outlook of $180-190 billion and AI partnerships with Meta, Palo Alto Networks and Apple.

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