- Analyst Insight

Q1 2026 Earnings Calls: Alphabet’s Revenues Soar as it Plans for Massive AI Spending Spree

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.

- Blog

I Know Places - Tech Giants May Be the Surest Bets for Data Center Power Demand

Author Lisa Shidler

Data centers are a buzzy topic in the energy industry, and while there is still a lot of fuzziness about what will actually get built and how much natural-gas-fired power will be needed to support these projects, there’s no doubt that major technology companies are well along in planning a number of massive data centers across the country. In today’s RBN blog, we’ll offer a snapshot of the plans announced by tech giants Microsoft, Amazon, Alphabet (Google) and Meta (Facebook). 

- Blog

Together in Electric Dreams - For Tech Giants, Powering Data Centers is Not All About Natural Gas

Author Ellen Chang

Tech giants such as Google, Amazon and Meta have long sought to meet their data-center power needs while at least limiting their greenhouse gas (GHG) emissions. But while many developers and utilities have turned to natural gas to power data centers because of its ability to provide reliable 24/7 power, renewable generation continues to play a role, especially if it includes plans to utilize on-site battery storage. Data centers are increasingly being co-located near new renewable generation sources, which can also boost grid reliability, as we explain in today’s RBN blog.