Alphabet Inc (NASDAQ:GOOGLE) is one of the best stocks to buy in 2026 according to billionaire George Soros. This cloud computing stock gained nearly 30% last month and has soared about 140% over the past year.
Alphabet Inc (NASDAQ:GOOGL) reported its first quarter 2026 results on April 29, revealing strong growth in both top and bottom line figures. Consolidated revenue increased 22% to $109.9 billion, supported by strong performance across the company’s various lines of business. Alphabet’s revenue has been expanding at a double-digit pace for 11 consecutive quarters.
As for the bottom line, the company recorded net income of $62.6 billion, reflecting year-over-year growth of 84%. EPS rose 82% to $5.11.
Cloud computing was the star segment of the quarter. Cloud sales skyrocketed 63% to $20 billion, even exceeding the $18.05 billion expected by analysts. Additionally, the cloud backlog nearly doubled from the previous quarter to more than $460 billion. The growth of the cloud business was driven by AI-related demand from enterprise customers. Alphabet’s consumer AI business also posted its strongest quarter yet, supported by the Gemini app, the company’s ChatGPT-like AI agent.
Commenting on first-quarter results, Alphabet CEO Sundar Pichai said cloud revenue would have been higher if it could meet growing demand. Pichai further said that they see extraordinary opportunities ahead. In this context, Alphabet is expanding its computing capacity, particularly artificial intelligence infrastructure, to take advantage of the opportunities.
Alphabet Inc (NASDAQ:GOOGL) is the parent company of Internet search engine and cloud computing giant Google. Through its various subsidiaries, Alphabet offers Internet services, autonomous transportation, and sells hardware products. It is also involved in life sciences research through its subsidiary Verily.
While we recognize GOOGL’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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