Alphabet ups 2026 capex to as much as $190 billion, expects to 'significantly increase' in 2027

Google CEO Sundar Pichai looks on during the AI Impact Summit in New Delhi on Feb. 19, 2026.

Alphabet reported first-quarter earnings after the bell Wednesday, showing revenue that topped expectations boosted by its surging cloud business. Shares climbed following the report.

Earnings per share: $5.11

$5.11 Revenue: $109.9 billion vs $107.2 billion expected by analysts polled by LSEG

It is unclear if EPS was comparable to the $2.63 expected by analysts polled by LSEG.

Wall Street was also watching several other numbers in the report:

Google Cloud: $20.02 billion vs. $18.05 billion estimated, according to StreetAccount

$20.02 billion vs. $18.05 billion estimated, according to StreetAccount YouTube advertising: $9.88 vs. $9.99 billion estimated, according to StreetAccount

$9.88 vs. $9.99 billion estimated, according to StreetAccount Traffic acquisition costs: $15.22 vs. $15.3 billion estimated, according to StreetAccount

The company beat Wall Street's expectations for revenue, growing 20% from last year and marking its highest rate of growth for any quarter since 2022.

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