Alphabet just reminded everyone why it remains one of the most formidable cash machines in tech. The Google parent company reported Q1 2026 earnings on April 29, revealing $109.9 billion in total revenue, a 22% jump from a year ago. Search advertising hit $60.4 billion alone, growing 19% year-over-year.
Investors responded the way investors do when a megacap beats expectations convincingly. Shares surged roughly 10% on April 30, closing near $384.80. Over the past year, Alphabet stock has climbed about 160%.
Cloud is the real story
Cloud revenue hit $20 billion in Q1, a 63% increase year-over-year. Google Cloud’s backlog nearly doubled to over $460 billion — the total value of contracts customers have signed but haven’t yet paid for.
Where crypto fits in
