Revenue: $113.8B (+17.9% YoY)
Net Income: $34.5B (+30.2%)
Net Margin: 30.3%
EPS: $2.82 (+31.2%)
CapEx nearly doubled to $27.9B (+96%).
Free cash flow slightly down 1% and that’s exactly what I want to see. Why?
Because they’re spending aggressively into AI and infrastructure while still printing cash.
Segment Breakdown
Ads still the machine: $82.3B (+13.5%)
Cloud growing like a monster: $17.7B (+47.5%)
Subscriptions & Devices: steady growth
Other Bets: still optionality, not the core thesis.
Cloud at +47% is the real story. That’s not hype growth. That’s enterprise money.
Strategic Positioning
• Avoided anti-trust breakup
• Gemini 3 rollout
• $10B Cloud deal
• TPU deals with Anthropic + Meta
• Multi-cloud collaboration with Amazon
• Waymo expanding
• Olympic cloud partner 2028
• Energy + AI grid deals
• Quantum hardware Nobel Prize win
This isn’t just an ad company anymore. It’s AI infrastructure + cloud + hardware + enterprise + mobility + energy exposure.
2026 Outlook
Gemini integration across Apple & Samsung
YouTube TV expansion
AI tools for energy grids
Smart glasses rollout
=> They’re building ecosystem depth while others are fighting for GPU scraps.
From a capital perspective:
• 30% margins
• Massive reinvestment
• Cloud hyper-growth
• Regulatory relief
That’s not a story stock. That’s a toll booth on the internet.
I’m long GOOGL (5-year horizon). Not financial advice.
GOOGL Just Dropped $113B in Revenue. This Is What Real Scale Looks Like
byu/Alpha-Grant instocks
Posted by Alpha-Grant
9 Comments
“It’s not X, it’s Y!”
Thank god they didn’t “drop $113B in revenue”, that would be problematic
I almost had a heart attack from the title 😭
That’s not goy, it’s slop
Good long term hold, but seems overvalued right now. Cap EX was way above estimate… I’ll wait for a dip to re-enter.
Long-term play for sure. I’d be cautious in the short term given the overvaluation concerns, but the investments in AI, cloud, and energy seem like strong growth drivers for the next few years.
What do you get out of regurgitating chatgpt outputs onto Reddit? Like what’s the point
Until OpenAI run on Nvidia chips come out with a better model, I’m holding Google. They are the most likely “winner” of AI with Gemini + vertical integration into cloud customers and consumer products + TPU hardware as a products for others (Anthropic doing well too).
Bad bot, bad title.