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Alphabet: Post-Q1 Earnings 2026 Price Boost Might Be Corr...
2026-05-04 · via All Articles on Seeking Alpha

Summary

  • Alphabet Inc. delivered a Q1 2026 EPS beat, driven by non-marketable equity gains, notably from Waymo and Anthropic.
  • Operating income trends diverged from net income, with 'Other Bets' and volatile investment valuations inflating reported profits.
  • Cloud segment operating margin surged from 18% to 33%, with backlog nearly doubling QoQ to $460 billion, positioning Cloud as an important forward driver.
  • Stretched valuations and non-core earnings expansion merit caution, with profit-taking and substantial price discovery likely.
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Search giant Alphabet Inc.'s (GOOG; GOOGL) Q1 2026 results - released on April 29, 2026 - beat consensus estimates for earnings per share (diluted) by posting $5.11 for the quarter against an expectation of $2.62-2.67.

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