Alphabet Inc (NASDAQ:GOOGL) is one of the best stocks to buy in 2026 according to billionaire George Soros. This cloud computing stock has gained nearly 30% in the past month and soared around 140% over the past year.
Alphabet Inc (NASDAQ:GOOGL) reported its Q1 2026 results on April 29, revealing strong growth in both topline and bottom-line numbers. Consolidated revenue jumped 22% to $109.9 billion, supported by strong performance across the company’s various business lines. Alphabet’s topline has been expanding at a double-digit rate for 11 straight quarters.
Turning to the bottom-line, the company posted a net income of $62.6 billion, reflecting a growth of 84% YoY. EPS increased 82% to $5.11.
Cloud computing was the star segment of the quarter. Cloud sales soared 63% to $20 billion, even surpassing the $18.05 billion that analysts expected. Moreover, the cloud backlog almost doubled from the previous quarter to over $460 billion. The cloud business growth was driven by AI-related demand from enterprise customers. Alphabet’s consumer AI business also recorded its strongest quarter ever, supported by Gemini App, the company’s ChatGPT-like AI agent.
Commenting on the Q1 results, Alphabet CEO Sundar Pichai said cloud revenue would have been higher if they were able to meet the growing demand. Pichai further said that they see extraordinary opportunities ahead. In this context, Alphabet is expanding its compute capacity, particularly AI infrastructure, to take advantage of the opportunities.
Alphabet Inc (NASDAQ:GOOGL) is the parent of the internet search engine and cloud computing giant Google. Through its various subsidiaries, Alphabet offers internet services, autonomous ride-hailing, and sells hardware products. It’s also engaged in life sciences research through its Verily subsidiary.
While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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