$Alphabet-C (GOOG.US)$ Revenue for Q1 2026 was $109.896 billion, a year-over-year increase of 22%; diluted earnings per share were $5.11, compared to $2.81 in the same period last year.
In terms of revenue by segment:
Google Services: Revenue increased by 16% year-over-year to reach USD 89.6 billion. Growth was primarily driven by the following businesses:
Google Search and other businesses grew by 19%.
Google Subscriptions, Platforms, and Devices business grew by 19%.
YouTube advertising business grew by 11%.
Google Cloud: Revenue increased by 63% year-over-year to reach USD 20 billion, with a significant acceleration in growth. This was mainly driven by strong demand for enterprise AI solutions, enterprise AI infrastructure, and core GCP services.
Executive Commentary
Sundar Pichai, CEO of Alphabet and Google, stated: 'We had an exceptional start to 2026. Our AI investments and full-stack approach have illuminated every aspect of our business. Search performed strongly this quarter, with AI-driven experiences boosting usage and query volumes reaching new highs, driving revenue growth of 19%. Google Cloud revenue grew by 63%, with backlog nearly doubling sequentially to exceed USD 460 billion. This marks the strongest quarter ever for our consumer AI initiatives, powered by Gemini applications. Overall, our paid subscriptions have now reached 350 million, with YouTube and Google One as the main drivers. Gemini Enterprise Edition is gaining strong momentum, with paid monthly active users growing by 40% month-over-month. Lastly, I am thrilled to see Waymo surpass 500,000 fully autonomous rides per week. These outstanding results are built on our differentiated full-stack approach. Our proprietary models, such as Gemini, now process over 16 billion tokens per minute through direct customer API calls, representing a 60% increase from the previous quarter. It is truly inspiring to see our AI investments create value for users, customers, and the business.'
Overall, the number of paid subscriptions has now reached 350 million, driven primarily by YouTube and Google One. Gemini Enterprise is gaining strong momentum, with paying monthly active users increasing by 40% month-over-month. Finally, I am pleased to see that Waymo has surpassed 500,000 fully autonomous weekly trips. These outstanding results are built on our differentiated full-stack approach. Our proprietary models, such as Gemini, now process over 16 billion tokens per minute through direct customer API calls, representing a 60% increase from the previous quarter. It is truly inspiring to see our AI investments creating value for users, customers, and the business.
Dividend Repurchases and Others
Issuance of Senior Unsecured Notes
In the first quarter of 2026, the company issued senior unsecured notes, raising net proceeds of $31.1 billion, which will be used for general corporate purposes.
Dividend Plan
On April 27, 2026, the Alphabet Board of Directors announced a quarterly cash dividend of $0.22 per share, representing a 5% increase from the previous quarterly dividend of $0.21 per share. The dividend will be paid on June 15, 2026, to shareholders of record of Class A, Class B, and Class C stock as of the close of business on June 8, 2026.
Editor/Rocky