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The Guardian - US
The Guardian - US
Technology
Sanya Mansoor

Google parent earnings beat projections amid plans to invest deeply in AI

Google Alphabet Sundar Pichai Apple Gemini OpenAI
A Google sign hangs at the entrance to one of their corporate office buildings in New York City.
The entrance to a Google corporate office building in New York City. Photograph: John Angelillo/UPI/Shutterstock

Google’s parent company, Alphabet, beat Wall Street expectations on Wednesday, and is planning a sharp increase in capital spending in 2026 as it continues to invest deeply in AI infrastructure.

Alphabet on Wednesday reported profit of $34.5bn in the recently ended quarter, as revenue from cloud computing soared 48%.

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