---
title: "Forget SpaceX. Alphabet just beat earnings by 94% and doubled its cloud backlog to $460 billion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290222527.md"
description: "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."
datetime: "2026-06-18T15:39:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290222527.md)
  - [en](https://longbridge.com/en/news/290222527.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290222527.md)
---

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

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...

### Related Stocks

- [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md)
- [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md)
- [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md)
- [GOOX.US](https://longbridge.com/en/quote/GOOX.US.md)
- [GOOW.US](https://longbridge.com/en/quote/GOOW.US.md)
- [GGLL.US](https://longbridge.com/en/quote/GGLL.US.md)
- [GGLS.US](https://longbridge.com/en/quote/GGLS.US.md)
- [SPAL.US](https://longbridge.com/en/quote/SPAL.US.md)
- [SPCF.US](https://longbridge.com/en/quote/SPCF.US.md)
- [SPCH.US](https://longbridge.com/en/quote/SPCH.US.md)
- [SNK.US](https://longbridge.com/en/quote/SNK.US.md)
- [SSPC.US](https://longbridge.com/en/quote/SSPC.US.md)
- [SPCU.US](https://longbridge.com/en/quote/SPCU.US.md)
- [LOFF.US](https://longbridge.com/en/quote/LOFF.US.md)
- [GOOY.US](https://longbridge.com/en/quote/GOOY.US.md)
- [GOU.US](https://longbridge.com/en/quote/GOU.US.md)
- [GOOP.US](https://longbridge.com/en/quote/GOOP.US.md)
- [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md)

## Related News & Research

- [Alphabet (NASDAQ:GOOGL) Director John Hennessy Sells 1,050 Shares of Stock](https://longbridge.com/en/news/290253311.md)
- [Sunbelt Securities Inc. Trims Stake in Alphabet Inc. $GOOGL](https://longbridge.com/en/news/290322605.md)
- [SpaceX just suffered its first-ever losing streak](https://longbridge.com/en/news/290249892.md)
- [SpaceX Is the Most Expensive Stock in the $2 Trillion Club, and It's Not Even Close](https://longbridge.com/en/news/290184623.md)
- [6 Wall Street analysts have issued price targets on SpaceX. Here's the one I agree with most.](https://longbridge.com/en/news/290177055.md)