--- title: "Alphabet | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 109.9 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/284691555.md" datetime: "2026-04-30T04:15:48.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284691555.md) - [en](https://longbridge.com/en/news/284691555.md) - [zh-HK](https://longbridge.com/zh-HK/news/284691555.md) --- # Alphabet | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 109.9 B Revenue: As of FY2026 Q1, the actual value is USD 109.9 B, beating the estimate of USD 107.03 B. EPS: As of FY2026 Q1, the actual value is USD 5.11, beating the estimate of USD 2.6706. EBIT: As of FY2026 Q1, the actual value is USD 38.85 B. Alphabet Inc. reported strong financial performance for the first quarter ended March 31, 2026, as detailed in its financial results. #### Consolidated Financial Performance - Total Revenues: Consolidated Alphabet Inc. revenues increased by 22% year-over-year (or 19% in constant currency) to $109.9 billion. - Operating Income: Consolidated Alphabet Inc. operating income increased by 30% to $39,696 million. - Operating Margin: The operating margin expanded by 2 percentage points to 36.1%. - Other Income (Expense), net: Other income reflected a net gain of $37,716 million, primarily due to net unrealized gains on non-marketable equity securities. - Net Income: Net income increased by 81% to $62,578 million. #### Segment Revenues - Google Services: Revenues increased by 16% to $89.6 billion. - Google Search & other revenue grew by 19%. - Google subscriptions, platforms, and devices revenue grew by 19%. - YouTube ads revenue grew by 11%. - Google Network revenue was $6,971 million in Q1 2026, compared to $7,256 million in Q1 2025. - Google advertising revenue totaled $77,253 million in Q1 2026, up from $66,885 million in Q1 2025. - Google Cloud: Revenues increased by 63% to $20.0 billion, driven by growth in Google Cloud Platform (GCP) across enterprise AI Solutions, enterprise AI Infrastructure, and core GCP services. - Other Bets: Revenues were $411 million in Q1 2026, compared to $450 million in Q1 2025. #### Segment Operating Income (Loss) - Google Services: Operating income was $40,589 million in Q1 2026, up from $32,682 million in Q1 2025. - Google Cloud: Operating income was $6,598 million in Q1 2026, a significant increase from $2,177 million in Q1 2025. - Other Bets: Operating loss was - $2,100 million in Q1 2026, compared to - $1,226 million in Q1 2025. - Alphabet-level activities: Operating loss was - $5,391 million in Q1 2026, compared to - $3,027 million in Q1 2025. #### Operational Costs - Total Costs and Expenses: Total costs and expenses increased to $70,200 million in Q1 2026 from $59,628 million in Q1 2025. - Cost of revenues: $41,271 million in Q1 2026, up from $36,361 million in Q1 2025. - Research and development: $17,032 million in Q1 2026, up from $13,556 million in Q1 2025. - Sales and marketing: $7,606 million in Q1 2026, up from $6,172 million in Q1 2025. - General and administrative: $4,291 million in Q1 2026, up from $3,539 million in Q1 2025. - Traffic Acquisition Costs (TAC): Total TAC was $15,228 million in Q1 2026, compared to $13,748 million in Q1 2025. #### Cash Flow - Net Cash Provided by Operating Activities: Net cash provided by operating activities was $45,790 million in Q1 2026, compared to $36,150 million in Q1 2025. - Free Cash Flow: Free cash flow for Q1 2026 was $10,116 million. The trailing twelve months (TTM) free cash flow as of Q1 2026 was $64,429 million. - Net Cash Used in Investing Activities: Net cash used in investing activities was - $63,389 million in Q1 2026, compared to - $16,194 million in Q1 2025, which includes $35,674 million in purchases of property and equipment. - Net Cash Provided by (Used in) Financing Activities: Net cash provided by financing activities was $25,077 million in Q1 2026, compared to - $20,201 million in Q1 2025, which includes $31,379 million in proceeds from the issuance of debt, net of costs. #### Balance Sheet Highlights (as of March 31, 2026) - Cash and Cash Equivalents: $38,063 million. - Marketable Securities: $88,777 million. - Total Cash, Cash Equivalents, and Marketable Securities: $126,840 million. - Non-Marketable Securities: $106,946 million. - Total Assets: $703,919 million. - Total Liabilities: $225,173 million. - Long-Term Debt: $77,501 million. #### Other Key Metrics and Operational Highlights - Dividend: Alphabet Inc. announced a 5% increase to its dividend, resulting in a quarterly cash dividend of $0.22 per share, payable on June 15, 2026. - AI Investments: AI investments and a full-stack approach are driving performance across the business, with Search experiencing strong growth due to AI experiences. Google Cloud’s backlog nearly doubled quarter-over-quarter to over $460 billion. The Gemini App led to the strongest quarter ever for consumer AI plans. Gemini Enterprise showed 40% quarter-over-quarter growth in paid monthly active users. First-party models, like Gemini, are processing over 16 billion tokens per minute via direct API use, a 60% increase from the previous quarter. - Paid Subscriptions: The number of paid subscriptions reached 350 million, primarily driven by YouTube and Google One. - Waymo: Waymo surpassed 500,000 fully autonomous rides per week. - Employees: The number of employees increased to 194,668 as of March 31, 2026, from 185,719 as of March 31, 2025. - Senior Unsecured Notes: In Q1 2026, the company issued senior unsecured notes for net proceeds of $31.1 billion for general corporate purposes. ### Related Stocks - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [GGLS.US](https://longbridge.com/en/quote/GGLS.US.md) - [GGLL.US](https://longbridge.com/en/quote/GGLL.US.md) ## Related News & Research - [Google’s $9.99-per-month AI health coach launches May 19](https://longbridge.com/en/news/285580877.md) - [Google Stock Could Rally as the Company Builds OpenClaw Competitor Remy. 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