Alphabet Stock Reaches $384.28 Record High After Q1 EPS Beat
Alphabet shares rose 1.5% to a record $384.28 after Q1 earnings of $5.11 topped the $2.62 estimate and revenue of $109.9 billion beat the $106.79 billion forecast. The stock has gained 132% over the year, supported by a net cash-rich balance sheet, a P/E of 29.4 and PEG of 0.62.
1. Record High Stock Price
Alphabet shares climbed 1.5% to an all-time high of $384.28, fueled by strong AI-driven demand and broader technology sector momentum.
2. Q1 2026 Earnings and Revenue Beat
The company posted earnings per share of $5.11 versus the $2.62 estimate and generated $109.9 billion in revenue, surpassing the $106.79 billion forecast and highlighting robust top-line growth.
3. Strong Balance Sheet and Valuation Metrics
Alphabet’s balance sheet shows more cash than debt, while the stock trades at a P/E ratio of 29.4 and a PEG of 0.62, underscoring financial strength during rapid expansion.
4. Analyst Ratings and AI Oversight
Freedom Broker raised its target to $400 from $365, and discussions on AI computing capacity have prompted scrutiny of oversight frameworks and stretched valuation concerns.