Alphabet revenue rises 22% to $109.9 billion as Google Cloud tops $20 billion for the first time amid growing AI demand

Alphabet delivered strong Q1 2026 results, with revenue up 22% year over year to $109.9 billion and net income up 81%.

Google Cloud was a standout, with revenue rising 63% to $20.0 billion and backlog nearly doubling.

The company raised its 2026 capex outlook as surging AI compute demand drives heavier infrastructure spending.

The results highlight AI-led momentum across Alphabet’s businesses, from search and cloud to enterprise AI.