Alphabet’s Q4 Revenue Tops $113.8B, Mizuho Lifts Target to $410
On February 18, Mizuho Securities analyst Lloyd Walmsley reiterated an Outperform rating on Alphabet and raised the price target to $410 from $400. Alphabet’s Q4 2025 revenue reached $113.8 billion, driving full-year sales beyond $400 billion as net income rose 30% to $34.5 billion and Google Cloud revenue surged 48% to $17.7 billion.
1. Price Target Update
On February 18, Mizuho Securities analyst Lloyd Walmsley reiterated an Outperform rating on Alphabet and raised the price target to $410 from $400, reflecting confidence in the company’s growth trajectory.
2. Q4 2025 Financial Results
Alphabet reported fourth-quarter 2025 revenue of $113.8 billion and net income of $34.5 billion, marking a 30% year-over-year increase and lifting full-year sales past the $400 billion milestone.
3. Google Cloud Performance
Google Cloud revenue jumped 48% to $17.7 billion in Q4, backed by a $240 billion backlog and more than 8 million paid Gemini seats across over 2,800 companies.
4. 2026 Capital Expenditure Guidance
For full-year 2026, Alphabet projects capital expenditures between $175 billion and $185 billion, signaling a strategic ramp-up in infrastructure and technology investments.