Alphabet Class C (GB:0HD6)
LSE:0HD6
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Earnings Data
Report Date
Jul 28, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.86Last Year’s EPS
2.31Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call conveyed very strong top-line and profitability momentum driven by AI and Google Cloud — including exceptional Cloud revenue growth (63%), a nearly doubled backlog ($462B), robust improvements in operating income and net income, and meaningful subscription and model adoption milestones. Management flagged near-term compute capacity constraints, increasing CapEx and depreciation headwinds, a modest decline in network ads, and ongoing losses in Other Bets. On balance the call emphasized accelerating demand for AI products, record results across multiple metrics, and plans to invest aggressively to capture further opportunity while acknowledging operational and cost challenges.Company Guidance
Record Consolidated Revenue and Strong Profitability
Consolidated revenue of $109.9B, up 22% year-over-year (19% in constant currency). Operating income increased 30% to $39.7B with operating margin of 36.1%. Net income rose 81% to $62.6B and diluted EPS increased 82% to $5.11.
Outstanding Google Cloud Growth and Margin Expansion
Google Cloud revenue grew 63% year-over-year to $20B. Cloud operating income tripled to $6.6B and operating margin expanded from 17.8% to 32.9%. Cloud backlog nearly doubled sequentially to $462B, with just over 50% expected to convert to revenue in the next 24 months.
Explosive Growth in Enterprise AI Adoption
Revenue from products built on GenAI models grew nearly 800% year-over-year. Gemini Enterprise paid monthly active users rose 40% quarter-over-quarter. Google Cloud doubled the number of $100M-$1B deals year-over-year and signed multiple >$1B deals.
Search and Ads Momentum
Search & Other advertising revenue rose 19% to $60.4B. Queries are at an all-time high, AI overviews and AI mode driving user engagement, and ads relevance improvements (e.g., Maps promoted pin relevance) improved engagement by nearly 10%.
Subscriptions and Consumer AI Traction
Total paid subscriptions reached 350M, driven by YouTube and Google One. Subscriptions and devices revenue grew 19% to $12.4B. This was the strongest quarter ever for consumer AI plans, driven primarily by the Gemini app.
Model and Developer Momentum
First-party models now process over 16 billion tokens per minute via direct API, up from 10 billion last quarter (~+60% QoQ). Gemma 4 downloaded >50M times and open models have been downloaded over 500M times. Generative media: Lyria 3 generated >150M songs; Nano Banana 2 reached 1B images; Veo 3.1 Lite is highlighted as cost-efficient for video.
Strong Cash Generation and Capital Deployment
Operating cash flow of $45.8B in Q1 and $174.4B trailing 12 months. Q1 CapEx was $35.7B (majority to technical infrastructure). Free cash flow of $10.1B in Q1 and $64.4B TTM. Board increased the quarterly dividend by 5%.
YouTube and Consumer Engagement Milestones
U.S. living room viewers watch >200M hours of YouTube content daily. Over 10M channels now publish Shorts each day. YouTube ad revenue grew 11% to $9.9B, and YouTube Music & Premium saw its largest quarterly non-trial subscriber increase since 2018.
Waymo and Other Bets Operational Progress
Waymo expanded into Nashville (6 new cities in 2026) with operations in 11 U.S. cities and surpassed 500,000 fully autonomous rides per week (doubled in <1 year). Other Bets continues prioritization actions (Verily deconsolidation, GFiber/Astound deal forthcoming).
GB:0HD6 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:0HD6 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $347.28 | $381.54 | +9.87% |
Feb 04, 2026 | $331.24 | $329.77 | -0.44% |
Oct 29, 2025 | $273.72 | $283.56 | +3.60% |
Jul 24, 2025 | $194.24 | $193.65 | -0.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Alphabet Class C (GB:0HD6) report earnings?
Alphabet Class C (GB:0HD6) is schdueled to report earning on Jul 28, 2026, After Close (Confirmed).
What is Alphabet Class C (GB:0HD6) earnings time?
Alphabet Class C (GB:0HD6) earnings time is at Jul 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Alphabet Class C stock?
The P/E ratio of Alphabet Class C is N/A.
What is GB:0HD6 EPS forecast?
GB:0HD6 EPS forecast for the fiscal quarter 2026 (Q2) is 2.86.
