Alphabet, the parent company of Google, has unveiled its financial results for the first quarter of 2026, showcasing a remarkable performance. The company reported total revenue of $109.896 billion, marking a 22% increase year-on-year. Net profit soared to $62.578 billion, reflecting an impressive 81% growth compared to the same period last year, significantly surpassing market expectations. Notably, revenue from cloud services reached $20 billion, a milestone that contributed to a 5.56% surge in the company’s stock price during after-hours trading.

During the first quarter, Google’s diverse business segments, including advertising, services, cloud, and others, demonstrated a mixed performance, with some areas experiencing growth and others seeing declines. Total traffic acquisition costs rose by 11%, while operating profit witnessed a 30% increase. Additionally, diluted earnings per share (EPS) grew by 82%, underscoring the company’s strong financial health.

Looking ahead, Alphabet anticipates capital expenditures for 2026 to range between $180 billion and $190 billion, with a substantial increase projected for 2027. In a move to reward shareholders, the board of directors declared a quarterly cash dividend of $0.22 per share, payable on June 15, 2026.