Alphabet

Alphabet reported nearly $110 billion in total revenue in Q1 2026, a 22% increase year over year, with growth driven in part by Google Cloud, which reached roughly $20 billion in quarterly revenue.

On its Wednesday, April 29 earnings call, Alphabet, the parent company of Google, highlighted how aggressively it is scaling infrastructure spending. Capital expenditures (capex) totaled $35.67 billion in the first quarter, up 106% from a year earlier. This surge is part of a much larger strategy and in its February earnings call, the company outlined plans to spend between $175 billion and $185 billion in capex for the full year, up sharply from $91.4 billion in 2025.

Google’s parent company, Alphabet, announced it intends to nearly double its spending this year to ramp up its AI infrastructure.