
Alphabet reported Q1 2026 consolidated revenues of $109.9 billion, operating margin expanded to 36.1%, and diluted EPS rose 82% to $5.11. Google Cloud revenue increased 63% to $20.0 billion.
Bullish
Alphabet achieved its 11th consecutive quarter of double-digit revenue growth, driven by strong Google Cloud acceleration and AI momentum. The company also expanded its operating margin and increased its quarterly cash dividend.
Bearish
Alphabet's Other Bets segment saw increased operating losses and decreased revenues. The company also faces potential volatility from non-marketable equity securities gains, alongside an overall increase in total operating expenses.