GOOGL Alphabet (GOOGL) Q1 FY26 earnings call
Alphabet delivered a strong Q1 FY26, driven by robust performance in Search and significant acceleration in Google Cloud, fueled by substantial AI investments. The company's full-stack AI approach is enhancing product experiences and driving demand, particularly in enterprise AI solutions and infrastructure. Management is committed to continued capital expenditure to capture the AI opportunity, while also focusing on efficiency and managing the P&L impact of increased depreciation.
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GOOGL operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|---|
| Average weekly trips Waymo | 150K+It's now averaging over 150,000 trips each week and growing.Source: earnings call transcript | 250K+And finally, Waymo is now safely serving over 0.25 million paid passenger trips each week.Source: earnings call transcript | — | — | 400K+In December, we surpassed 20 million fully autonomous trips and are now providing more than 400,000 rides every week.Source: earnings call transcript | 500K+Waymo also surpassed 500,000 fully autonomous rides per week, doubling in less than a year.Source: earnings call transcript | — | — |
| Paid subscribers | — | 270M+In subscriptions, we surpassed 270 million [ subscriptions ] with YouTube and Google One as key drivers.Source: earnings call transcript | — | — | 325M+We have over 325 million paid subscriptions across consumer services with strong adoption for Google One and YouTube Premium.Source: earnings call transcript | 350MOverall, the number of paid subscriptions has now reached 350 million with YouTube and Google One being the key drivers.Source: earnings call transcript | — | — |
| Monthly active users (MAU) Gemini app | — | — | 450M+The Gemini app now has more than 450 million monthly active users, and we continue to see strong growth in engagement with daily requests growing over 50% from Q1.Source: earnings call transcript | 650M+The Gemini app now has over 650 million monthly active users, and queries increased by 3x from Q2.Source: earnings call transcript | 750M+And our Gemini app now has over 750 million monthly active users.Source: earnings call transcript | — | 950MNext, the Gemini app, which now has 950 million monthly active users with daily active users tripling in the last year.Source: earnings call transcript | — |
| Google Cloud backlog | — | — | $106BGoogle Cloud backlog increased 18% sequentially in Q2 and 38% year-over-year, reaching $106 billion at the end of the quarter.Source: earnings call transcript | $155BCloud backlog grew 46% quarter-over-quarter to $155 billion.Source: earnings call transcript | $240BGoogle Cloud's backlog increased 55% sequentially and more than doubled year-over-year, reaching $240 billion at the end of the fourth quarter.Source: earnings call transcript | $462BGoogle Cloud's backlog nearly doubled sequentially, reaching $462 billion at the end of the first quarter.Source: earnings call transcript | $514BCloud revenue grew 82% powered by strong demand for AI infrastructure and AI solutions and Cloud backlog grew to $514 billion.Source: earnings call transcript | +11.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.