Google’s parent is set to open a new filing after Q1 earnings.

Alphabet is on track to set a new record as pre-market momentum extends a streak fueled by blockbuster earnings.

The stock hit an intraday high of $355.79 in yesterday's session, its highest level of the day, with Yahoo Finance up more than 8% in early trading today. If it continues through regular hours, the move will confirm a new all-time high.

Google and YouTube's parent company had a strong start to 2026, posting Q1 revenue of $109.9 billion, up 22% year over year. This marks the company's 11th consecutive quarter of double-digit growth. Net income came in at $62.6 billion, nearly double the $34.5 billion a year ago.

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Google Cloud's quarterly revenue has exceeded 20 billion dollars

The cloud segment reached $20 billion in quarterly revenue for the first time, a 63% increase from last year. The division's operating income tripled from $2.2 billion to $6.6 billion. Backlog (contracts signed but not yet converted to revenue) more than doubled in the quarter to $462 billion, with half expected to turn over within two years.

Advertisement and registrations

Google search revenue grew 19 percent to $60.4 billion. YouTube's ad revenue rose 11 percent to $9.9 billion. The subscription business (YouTube Premium, Google One and related products) reached a total of 350 million paid subscribers, an increase of 25 million in the quarter alone.

Gemini usage and market share

Gemini models process more than 16 billion tokens per minute directly through API usage, a 60% increase from last quarter. Gemini Enterprise reported 40% quarter-over-quarter growth in monthly active users.

Gemini's AI model market share is reported to increase from 14 percent in October 2025 to 24 percent in February 2026.

Wamo

Filed under “other bets,” Waymo's autonomous driving subsidiary logs 500,000 fully autonomous rides per week. The division posted a loss of $2.1B for the quarter.