Alphabet (GOOG) Posts Q1 2026 EPS of $5.11, 94.1% Beat
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowAlphabet (GOOG) reported Q1 2026 EPS of $5.11, significantly surpassing the $2.63 consensus by 94.1%. Cloud revenue increased by 63% to $20.028 billion, with a backlog of over $460 billion, which almost doubled quarter-over-quarter. The company's revenue reached $109.90 billion, marking a 21.79% year-over-year growth. Following the earnings announcement, GOOG shares spiked by 9.97%, currently trading at $381.94, with a 12-month price target of $460, indicating a potential upside of 20.44%. Analyst confidence is strong, with 63 of 69 ratings classified as Buy or Strong Buy.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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