According to Visible Alpha consensus, Alphabet Inc.'s total revenues expected for Q1 2026 have increased to $106.9 billion from $101.5 billion in the fall.
The Q1 consensus expectations for operating income and EPS have also increased due to a higher Cloud margin expectation.
Looking ahead to Q2 2026, analysts now expect the Cloud business to generate a 29.8% operating profit margin, up 900 bps year over year.
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CDS swap spreads increase
Source: Christopher Fenske, Primary Markets Group, S&P Global (April 24, 2026)
Alphabet earnings preview: What’s happening to margins?
According to Visible Alpha consensus, Alphabet Inc.'s (GOOG) (GOOGL) total revenues expected
