Alphabet (GOOGL.US) Q1 released impressive results: revenue grew by 22%, Google Cloud's explosive growth increased by 63% to $20 billion, $70 billion in buybacks, and a 5% dividend increase to reward shareholders.

Zhitong Finance APP learned that Alphabet, the parent company of Google (GOOGL.US), submitted an impressive first quarter report for the 2026 fiscal year after the market closed on April 29th (Wednesday) in the Eastern United States time. The report showed that Alphabet exceeded expectations with a double leap in revenue and profit this quarter, with total revenue reaching $109.9 billion, a 22% year-over-year increase, significantly surpassing the market's previous forecast of $107.2 billion.