"Alphabet posted Q1 2026 revenue of $109.9 billion, up 22% year over year, with earnings per share of $5.11 against a $2.63 estimate. The blockbuster line item was Google Cloud, which grew 63% with backlog nearly doubling quarter on quarter to over $460 billion."
"Microsoft reported Q3 FY2026 revenue of $82.89 billion, up 18% YoY, with EPS of $4.27. CEO Satya Nadella highlighted that the AI business surpassed an annual revenue run rate of $37 billion, up 123% year-over-year."
In April, Alphabet significantly outperformed Microsoft and Meta Platforms, gaining 34% compared to Microsoft's 10% and Meta's 7%. Alphabet's Q1 2026 revenue reached $109.9 billion, driven by a 63% growth in Google Cloud. The company demonstrated real-time ROI visibility, which was a key differentiator. Microsoft reported $82.89 billion in revenue, with strong AI growth but less visibility on capex. Alphabet's stock price targets were raised following its earnings report, reflecting investor confidence in its cloud acceleration and margin expansion.
Read at 24/7 Wall St.
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