Alphabet reports 22% revenue growth to $109.9 billion in Q1, driven by AI-driven search and cloud expansion.
Alphabet’s stock has climbed roughly 130% over the past 12 months, propelling its market capitalization to $4.6 trillion and making it the world’s second-most-valuable company. The surge follows a 22% year-over-year revenue increase to $109.9 billion in Q1, exceeding analyst expectations and marking the fastest growth in 16 quarters.
Google Search revenue rose 19%, with AI Overviews and AI Mode boosting query volumes, while YouTube ad revenue grew nearly 11%. Google Cloud and Waymo, the autonomous driving unit, also contributed to the gains, with Waymo now completing over 500,000 rides weekly.
The company’s performance underscores its dominance in AI and digital advertising, reinforcing its position among the “Magnificent Seven” tech giants. Analysts project continued momentum through mid-2026.