Alphabet (GOOG) Posts Q1 2026 EPS of $5.11, 94.1% Beat

Published on 5/4/2026 · Source: finance.yahoo.com

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Alphabet (GOOG) reported Q1 2026 EPS of $5.11, significantly surpassing the $2.63 consensus by 94.1%. Cloud revenue increased by 63% to $20.028 billion, with a backlog of over $460 billion, which almost doubled quarter-over-quarter. The company's revenue reached $109.90 billion, marking a 21.79% year-over-year growth. Following the earnings announcement, GOOG shares spiked by 9.97%, currently trading at $381.94, with a 12-month price target of $460, indicating a potential upside of 20.44%. Analyst confidence is strong, with 63 of 69 ratings classified as Buy or Strong Buy.

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About Alphabet Inc. (Class C) (GOOG)

Alphabet is the parent of Google, with revenue led by search and advertising plus cloud, YouTube, and AI. Class C shares (GOOG) carry no voting rights.

The Communication Services sector covers media, entertainment, telecom and interactive companies that connect and inform people.

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Source: Read the original at finance.yahoo.com

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Alphabet (GOOG) Posts Q1 2026 EPS of $5.11, 94.1% Beat

AI Summary

About Alphabet Inc. (Class C) (GOOG)

Earlier GOOG news

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