Alphabet reported Q1 2026 earnings that surpassed expectations, with earnings per share of $5.11 versus a consensus estimate of $2.63 and revenue of $109.9 billion, up nearly 22% year over year. Cloud revenue surged 63% to $20 billion, and the division’s backlog reached over $460 billion, indicating strong future demand. During the earnings call, CEO Sundar Pichai described the company’s approach as distinct due to its tightly integrated artificial intelligence system spanning custom chips, models, and services like Search, Cloud, and Waymo. The company also raised its dividend slightly and now forecasts $185 billion in capital expenditures for 2026. The results underscore how Google’s AI investments are translating into financial growth, with GenAI product revenue climbing roughly 800% annually.