Google parent set to open at fresh record after blowout Q1 earnings
Tech Google parent set to open at fresh record after blowout Q1 earnings Alphabet is on track to set a fresh record high as pre-market momentum extends a breakout driven by blockbuster earnings. The stock hit an intraday peak of $355.79 during yesterdays session, its highest level to date, before surging over 8% in early trading today, per Yahoo Finance. If sustained throughout regular hours, the move would confirm a new all-time high. The parent company of Google and YouTube delivered a strong start to 2026, reporting Q1 revenue of $109.9 billion, up 22% year-over-year. This marks the companys 11th consecutive quarter of double-digit growth. Net income came in at $62.6 billion, nearly double the $34.5 billion a year earlier. Google Cloud crossed $20 billion in quarterly revenue The cloud division hit $20 billion in quarterly revenue for the first time, a 63% increase from the prior year. Operating income for the segment tripled from $2.2 billion to $6.6 billion. The backlog (contracts signed but not yet converted to revenue) nearly doubled quarter-over-quarter to $462 billion, with roughly half expected to convert within two years. Advertising and subscriptions Google Search revenue grew 19% to $60.4 billion. YouTube ad revenue climbed 11% to $9.9 billion. The subscription business (YouTube