Alphabet Inc (NASDAQ:GOOG) shares are rallying on Thursday after the company delivered a strong earnings beat and raised its quarterly dividend.
- Alphabet stock is at critical resistance. Why is GOOG stock breaking out?
Strong Q1 And Cloud Momentum
Alphabet reported first‑quarter earnings of $5.11 per share, nearly doubling the $2.62 analysts were expecting. Revenue also came in ahead of expectations at $109.9 billion, up sharply from $90.23 billion a year ago. The company also increased its quarterly dividend by 5% to 22 cents per share.
The quarterly update included Google Services revenue growth of 16% to $89.6 billion and Google Cloud revenue growth of 63% to $20 billion, while operating income rose 30% and operating margin expanded to 36.1%.
CEO Sundar Pichai highlighted 350 million paid subscriptions led by YouTube and Google One, 40% quarter-on-quarter growth in Gemini Enterprise paid monthly active users and Waymo surpassing 500,000 fully autonomous rides per week.
“2026 is off to a terrific start. Our AI investments and full stack …