Alphabet Inc. (GOOGL) Announced Q1 2026 Earnings on April 29, 2026, Reporting "Consolidated revenue reached $109.9 billion".

Alphabet Inc. reported its first quarter 2026 results, with executive Anat Ashkenazi stating that "Consolidated revenue reached $109.9 billion" for the quarter.

The company reported an operating income of $39.7 billion and an operating margin of 36.1 percent for the first quarter.

Net income was $62.6 billion and earnings per share was $5.11 for the quarter.

Google Cloud revenues were $20 billion for the quarter, and Google Search and Other advertising revenues were $60.4 billion for the quarter.

First quarter CapEx was $35.7 billion and free cash flow was $10.1 billion for the first quarter.CEO Sundar Pichai noted that "our AI investments and full stack approach are driving performance across our business". The company highlighted strong momentum in its enterprise AI offerings, which became the primary growth driver for Google Cloud for the first time.

The Google Cloud backlog reached $462 billion at the end of the first quarter.

Additionally, paid subscriptions reached 350 million, and Waymo surpassed 500,000 fully autonomous rides per week.

Executive Philipp Schindler stated the company is "accelerating the deployment of Gemini across our entire ads infrastructure".Alphabet Inc. closed the acquisition of Wiz in March.

The company noted it will begin delivering TPU hardware to a select group of customers in their own data centers. In partnerships, Kingfisher, Target, and Wayfair closed multiyear cloud and ads deals, while Amazon, Meta, Microsoft, Salesforce, and Stripe joined the Universal Commerce Protocol tech council.

Management provided an updated full year 2026 CapEx guidance range of $180 billion to $190 billion to include investments related to the acquisition of Intersect.

For 2027, the company expects CapEx to "significantly increase compared to 2026". The company expects an FX tailwind of approximately 1 percentage point to consolidated revenue in the second quarter.

Alphabet Inc. also anticipates a low single-digit percentage point headwind to cloud operating margin for the remainder of 2026 related to the Wiz acquisition.