Alphabet Inc. 8-K

Summary

Q1 2026 results. Alphabet’s revenue grew 22% Y/Y, with Google Cloud up 63%; net income also benefited from large unrealized gains on equity securities. The board raised the quarterly dividend 5%, to $0.22 per share.

Key Figures

• Segment growth: Google Cloud revenue rose 63% to $20.0B, and Google Services revenue rose 16% to $89.6B. Search & other grew 19%; subscriptions, platforms and devices grew 19%; YouTube ads grew 11%. Constant-currency revenue growth was 19%, vs 22% reported.
• Other income, net was $37.7B, including $36.9B in net gains on equity securities. The equity gains increased net income by $28.7B and diluted EPS by $2.35; the company said investment-value fluctuations could significantly affect future results.
• Cash, cash equivalents and marketable securities totaled $126.8B at quarter-end. Long-term debt was $77.5B, up from $46.5B at year-end; Q1 senior unsecured notes generated $31.1B in net proceeds for general corporate purposes. Stock repurchases were $0 vs $15.1B a year earlier; diluted weighted-average shares declined 0.4%, to 12.238B from 12.291B. The quarterly dividend is $0.22, up from $0.21, payable 6/15/2026 to holders of record 6/8/2026.

Guidance

No guidance in this filing.

Investor Takeaways

• Google Cloud backlog nearly doubled Q/Q to more than $460B; revenue growth and backlog conversion are key metrics to watch.
• Equity-security valuations materially affected Q1 earnings, so future investment gains or losses could add volatility to reported results.