Alphabet, Amazon.com, Meta Platforms and Microsoft all beat earnings expectations on Wednesday, but investors are cheering Alphabet's momentum the most.
Alphabet Inc. delivered a double-beat Q1, with Search revenue up 19% YoY and Cloud revenue growth exceeding 60%. GOOGL's AI-driven engagement and robust Cloud backlog ($460B) reinforce the bullish case and dispel disruption fears from LLMs. AI, Waymo's 500,000 weekly autonomous rides, and equity gains add underappreciated optionality to the long-term thesis.
Although the revenue and EPS for Alphabet (GOOGL) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Alphabet (GOOGL) came out with quarterly earnings of $5.11 per share, beating the Zacks Consensus Estimate of $2.64 per share. This compares to earnings of $2.81 per share a year ago.
Google Cloud, the business under parent company Alphabet that provides enterprise AI solutions, had a blowout first quarter, with revenues topping $20 billion for the time, a 63% increase from the same period last year. However, investors were concerned about the constraints surrounding the business and how Google decides to allocate cloud capacity.
Alphabet Inc. (GOOG) came out with quarterly earnings of $5.11 per share, beating the Zacks Consensus Estimate of $2.64 per share. This compares to earnings of $2.81 per share a year ago.
Stripe has partnered with Google to allow businesses to sell to consumers inside Google's AI Mode and Gemini app. This capability is supported by Stripe's Agentic Commerce Suite, an integration that enables businesses to sell their products inside AI apps, Stripe said in a Wednesday (April 29) press release.
Alphabet Inc (NASDAQ:GOOG) reported first quarter results that beat Wall Street expectations, sending its shares almost 4% higher after Wednesday's closing bell. The company posted revenue of $109.9 billion for the quarter ended March 31, up 22% year over year and above analyst estimates of $107.1 billion.
YouTube ad revenue rose 11% in the first quarter compared with the same period in 2025, flirting with the $10 billion mark. The ad revenue haul of $9.883 billion was one of many solid parts of parent company Alphabet's overall quarter.
The tech giant's revenue rises 22% in the first quarter.
The memory stocks just keep finding new ways to defy the laws of gravity, with the SanDisk (NASDAQ:SNDK | SNDK Price Prediction), once again, leading the charge higher, with shares up more than 75% in the past month or about 264% year to date.
Google parent Alphabet is due to report earnings after the closing bell today, with shares seen potentially hitting fresh records following the results.