"Google Cloud revenue of $20.03 billion grew 63% year over year, far ahead of Street consensus near 47%, validating the full-stack AI thesis for Alphabet stock."
"The real story was Google Cloud's $20.03B quarter and a backlog that nearly doubled sequentially to over $460B, triggering synchronized target hikes across the sell side."
"Alphabet's higher margins are the clearest sign yet that the capital expenditure wave is paying off, with operating margin reaching 36%."
Alphabet's Q1 2026 report revealed a remarkable Google Cloud revenue of $20.03 billion, growing 63% year over year, surpassing expectations. This performance led to price target increases from at least six firms. The company's total revenue reached $109.9 billion, with an EPS of $5.11. Analysts noted a nearly doubled cloud backlog of over $460 billion and a 36.1% operating margin, indicating strong capital expenditure returns. Advertising growth also accelerated, contributing to the positive outlook for Alphabet's stock.
Read at 24/7 Wall St.
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