Alphabet is on observe to set a contemporary report excessive as pre-market momentum extends a breakout pushed by blockbuster earnings.
The inventory hit an intraday peak of $355.79 throughout yesterday’s session, its highest degree so far, earlier than surging over 8% in early buying and selling immediately, per Yahoo Finance. If sustained all through common hours, the transfer would affirm a brand new all-time excessive.
The mum or dad firm of Google and YouTube delivered a powerful begin to 2026, reporting Q1 income of $109.9 billion, up 22% year-over-year. This marks the corporate’s eleventh consecutive quarter of double-digit development. Internet revenue got here in at $62.6 billion, practically double the $34.5 billion a 12 months earlier.
Google Cloud crossed $20 billion in quarterly income
The cloud division hit $20 billion in quarterly income for the primary time, a 63% enhance from the prior 12 months. Working revenue for the section tripled from $2.2 billion to $6.6 billion. The backlog (contracts signed however not but transformed to income) practically doubled quarter-over-quarter to $462 billion, with roughly half anticipated to transform inside two years.
Promoting and subscriptions
Google Search income grew 19% to $60.4 billion. YouTube advert income climbed 11% to $9.9 billion. The subscription enterprise (YouTube Premium, Google One, and associated merchandise) reached 350 million complete paid subscribers, including 25 million within the quarter alone.
Gemini utilization and market share
Gemini fashions now course of over 16 billion tokens per minute via direct API utilization, a 60% enhance from the earlier quarter. Gemini Enterprise noticed 40% quarter-over-quarter development in paid month-to-month energetic customers.
Gemini’s share of the AI mannequin market reportedly rose from 14% in October 2025 to 24% by February 2026.
Waymo
Waymo, the autonomous driving subsidiary categorized beneath “Different Bets,” crossed 500,000 absolutely autonomous rides per week. The section posted $2.1B in working losses for the quarter.
