Alphabet Shares Rally 70% in 12 Months, Reports 18% Q4 Growth and $175B Capex Plan
Alphabet has gained over 70% in the past year after reporting 18% revenue growth in Q4 2025 and 48% Google Cloud expansion. The company holds $127 billion in cash, trades at a 29 P/E ratio and outlined a $175–185 billion capital expenditure plan for 2026.
1. Stock Performance
Alphabet shares have risen over 70% over the past year, marking one of the strongest performances in the tech sector.
2. Revenue and Cloud Growth
In Q4 2025, total revenue grew 18% year-over-year while Google Cloud revenue jumped 48%, driven by increased enterprise AI and storage demand.
3. Balance Sheet and Valuation
The company holds $127 billion in cash and marketable securities, and trades at a price-to-earnings ratio of 29, reflecting solid profitability.
4. 2026 Capital Expenditure Plan
Alphabet outlined a $175–185 billion capital expenditure budget for 2026 to expand AI and data center infrastructure, which could pressure free cash flow in the near term.