Alphabet Shares Surge 13% to Record High After Q1 EPS and Revenue Beat
Alphabet shares rose over 13% last week to a record high after Q1 EPS of $5.11 topped forecasts by $2.49 and revenue of $109.9 billion exceeded estimates by $3.09 billion. Search revenue jumped 19%, Cloud climbed 63%, and Cloud backlog nearly doubled sequentially.
1. Q1 Earnings Performance
Alphabet posted Q1 EPS of $5.11, beating consensus by $2.49, with revenue of $109.9 billion versus $106.81 billion expected, representing 22% year-over-year growth.
2. Segment Growth
Search revenue increased 19% year-over-year, while Cloud revenue surged 63%, driven by full-stack AI offerings, and Cloud backlog nearly doubled sequentially.
3. Share Price Reaction
Shares rallied more than 13% over the past week, hitting an all-time high as investors rewarded the substantial earnings beat and robust growth across key segments.
