Alphabet (GOOGL) is scheduled to announce its results for the first quarter of 2026 on Wednesday, April 29, after the market closes. The stock has rallied 118% over the past year and 78% year-to-date. According to TipRanks’ Options Tool, options traders are expecting about a 5.63% move in either direction in GOOGL stock in reaction to Q1 results. This implied move is higher than Alphabet stock’s average post-earnings move (in absolute terms) of 1.44% over the past four quarters.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
What to Expect from Alphabet on April 29
Wall Street analysts expect the company to post revenues of $106.89 billion, up about 19% from the year-ago quarter, according to data from the TipRanks Forecast page. Meanwhile, earnings are expected to decrease by about 6.4% from the year-ago quarter to $2.63 per share.
This time, investors will look beyond the headline numbers and focus on updates around Gemini AI integration and YouTube ad growth, as they assess whether Alphabet can sustain its strong position within the “Magnificent 7.”
Analysts’ Views on GOOGL Ahead of Q1 Results
Ahead of Q1 earnings, top Evercore ISI analyst Mark Mahaney reiterated an Outperform rating and a $400 price target on Alphabet. He expects a modest beat in Q1, with revenue and ad sales likely to come in around or slightly above Street estimates.
Mahaney noted that Search trends remain solid, with ad spending either steady or improving, while YouTube could be a softer spot with mixed signals and some slowdown. He also sees Google Cloud as a key growth driver, with demand staying strong and backlog rising, which could lead to upside. However, he expects margin gains to stay limited, as higher data center costs and ongoing hiring in AI and Cloud may offset the benefit of solid revenue growth.
Is GOOGL Stock a Buy Right Now?
Heading into Q1 earnings, Wall Street has a Strong Buy consensus rating on Alphabet stock based on 26 Buys and five Holds. The average GOOGL stock price target of $387.68 indicates 12.57% upside potential from current levels.
