Alphabet to report Q1 earnings with Google Cloud revenue projected at $18.4 billion, a 50% year-over-year increase, as capital expenditures expected to jump 111% to $36.39 billion

Yahoo Finance AI · April 27, 2026

AI Summary

•Alphabet will report first quarter results on Wednesday with earnings per share expected at $2.62 on revenue of $107 billion, according to Bloomberg analyst consensus; Google Cloud revenue is projected to be $18.4 billion, a 50% year-over-year increase from the prior year period.
•Capital expenditures are expected to balloon to $36.39 billion in the quarter, a 111% year-over-year jump. The company recently announced two new AI chips—the TPU 8t and TPU 8i—and entered into an agreement with Anthropic and Broadcom to provide multiple gigawatts of TPU capacity, with the first processors coming online next year.
•Morgan Stanley analyst Brian Nowak stated he hopes to get more detail from Alphabet's leadership about its TPU strategy moving forward and does not believe the business is priced into the stock, noting it could be a significant driver for the company in 2027.

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