# Alphabet Inc. reported quarterly revenue and profit that beat projections.

*business · news · 2026-04-29 · The Mercury News*

## Key points

- Alphabet's cloud unit reported $20 billion in sales, surpassing the $18.4 billion analysts expected.
- Cloud backlog nearly doubled from the prior quarter to over $460 billion, Alphabet reported.
- Capital expenditures are set to reach $185 billion this year, double last year's spending.
- Google will invest up to $40 billion in Anthropic, reflecting intensifying AI industry competition.
- Search queries reached an all-time high as AI integration drove greater Google Search usage.

**Companies:** Alphabet Inc., Google, SpaceX, Anthropic PBC, OpenAI
**Countries:** United States

[Read the full story on The Mercury News](https://www.mercurynews.com/2026/04/29/alphabet-sales-beat-estimates-google-stock/)

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