Alphabet Inc. (NASDAQ:GOOGL) is among the Stocks That Could 10X in the Next 3 Year. On September 9, Reuters reported that Alphabet Inc.’s (NASDAQ:GOOGL) Google Cloud has lined up around $58 billion in new revenue for the next two years.
This comes as the company’s cloud unit continues to expand rapidly, becoming a significant contributor to Alphabet Inc.’s (NASDAQ:GOOGL) total revenue. The company reported that its cloud business exceeded $50 billion in annual revenue run rate as of July 2025, signalling strong future sales. Moreover, Unit Chief Thomas Kurian told investors at the Goldman Sachs Communacopia + Technology conference that the backlog of non-recognized sales contracts is growing even faster than its revenue. He noted that 55% of this $106 billion backlog is expected to become revenue within the next two years.
Similarly, the new customer growth for Google Cloud also remains strong with a 28% increase quarter-over-quarter. Management also noted that 9 out of 10 leading artificial labs are now its customers.
While cloud computing accounts for only 14% of Alphabet Inc.’s (NASDAQ:GOOGL) total revenue, which is much less than its dominant ad business, it is one of the fastest-growing segments.
Alphabet Inc. (NASDAQ:GOOGL) is a holding company with three main segments, including Google Services, Google Cloud, and Other Bets.
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Disclosure: None. This article is originally published at Insider Monkey.
