--- 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)