<div id="readability-page-1" class="page">Quick ReadGOOGL's Q1 2026 EPS crushed consensus by 94% while Google Cloud's backlog nearly doubled quarter-on-quarter to $460 billion, accelerating AI infrastructure dominance.SPCX surged 19% on rocket euphoria but offers no public earnings, no margins, and no audited cash flow behind its $1.44 trillion implied valuation.Alphabet self-funds $175 bi...</div>

GOOGL

GOOG

SPCX

<p>Alphabet (GOOGL) reported Q1 2026 earnings beating estimates by 94%, with revenue growing 21.8% to $109.9 billion. Google Cloud revenue surged 63% year-over-year, and its backlog nearly doubled to $460 billion. Trading at a 16x P/E with strong cash flow and low debt, Alphabet is positioned as a self-funding AI infrastructure leader, contrasting with the high-risk, unprofitable SpaceX narrative amid tightening macro liquidity.</p>

- GOOGL's Q1 2026 earnings per share surpassed expectations by 94%, with Google Cloud's backlog almost doubling to $460 billion, indicating strong AI infrastructure growth.  
- SPCX experienced a 19% surge driven by excitement, despite lacking public earnings, margins, and audited cash flow, leading to a $1.44 trillion implied valuation.  
- Alphabet is self-funding $175 billion, showcasing its commitment to expanding its financial capabilities within the tech landscape.

Alphabet

Alphabet - C

SpaceX

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Forget SpaceX. Alphabet just beat earnings by 94% and doubled its cloud backlog to $460 billion