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Alphabet to pour more money into AI cloud after eye popping Q1 profit surge
Business
Published on 30 April 2026
Cloud demand is so high it couldn’t fully meet it
Alphabet kicked off 2026 with an 81% jump in Q1 net profit to $62.6 billion as revenue rose 22% to $109.9 billion. Google Cloud grew 63% to $20 billion, driven by enterprise AI solutions and Gemini adoption. With compute “constrained,” Alphabet plans bigger investments and raised 2026 capex guidance to $180–$190 billion.
- Q1 net profit jumped 81% to $62.6 billion
- Google Cloud revenue surged 63% as AI demand accelerates
- Alphabet says it is compute constrained and investing to catch up
- Capex guidance for 2026 lifted to $180–$190 billion
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