# Alphabet earned $62.6 billion, or $5.11 per share, during the January-March period.

*business · news · 2026-04-29 · WTOP*

## Key points

- Alphabet's net income rose 81% year-over-year to $62.6 billion in Q1 2026.
- Google Cloud revenue surged 63% to $20 billion, driven by AI-related contracts including with the U.S. military.
- Alphabet's market value more than doubled in one year, reaching $4.2 trillion.
- Alphabet is allocating $175–$185 billion for 2026 capital expenditures, mostly for AI infrastructure.

**Companies:** Alphabet Inc., Google
**Countries:** United States

[Read the full story on WTOP](https://wtop.com/business-finance/2026/04/alphabets-first-quarter-profit-soars-as-googles-big-ai-bets-help-push-stock-to-new-highs/)

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