Alphabet reports $34.5bn profit and revenue soars 48% in recent quarter as it plans a sharp increase in AI spending
Google’s parent company, Alphabet, beat Wall Street expectations on Wednesday, and is planning a sharp increase in capital spending in 2026 as it continues to invest deeply in AI infrastructure.
Alphabet on Wednesday reported profit of $34.5bn in the recently ended quarter, as revenue from cloud computing soared 48%.
The company forecast spending between $175bn and $185bn this year, a figure much higher than analysts’ expectations of roughly $115bn.
“We’re seeing our AI investments and infrastructure drive revenue and growth across the board, Sundar Pichai, Alphabet’s chief executive, said.
