Alphabet Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Google parent Alphabet delivered a standout Q1 2026, with revenue surging 21.8% YoY to $109.9B and net income nearly doubling (+81.2%) to $62.6B, driven by strong advertising and cloud momentum alongside a dramatic expansion of the balance sheet.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue reached $109.9B in Q1 2026, up 21.8% YoY from $90.2B, reflecting robust demand for Google's advertising products and continued expansion of Google Cloud. This broad-based growth signals sustained advertiser spending and enterprise cloud adoption.
Operating income grew 29.7% YoY to $39.7B, pushing operating margin to 36.1% from 33.9% a year ago — a 220 basis point improvement. This margin expansion occurred even as R&D spending rose 25.6% YoY to $17.0B, indicating strong operating leverage.
Net income of $62.6B significantly outpaced operating income of $39.7B, implying a substantial contribution from below-the-line items such as investment gains or tax benefits. Net margin reached an exceptionally high 56.9%, well above the operating margin of 36.1%.
Revenue
$109.9B
++21.79% YoY
EPS (Basic)
$5.17
++82.04% YoY
Operating Income
$39.7B
++29.70% YoY
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