Alphabet is expected to report Q1 consensus revenue of $106.88 billion and EPS of $2.64, with the stock currently trading at $344.36 against an average analyst price target of $363.42. The primary focus for investors is the sustained momentum of Google Cloud, which analysts project will see revenue surge by more than 50% year-over-year due to aggressive enterprise AI adoption.
Markets are closely monitoring the impact of Alphabet’s massive 2026 capital expenditure plan, guided between $175 billion and $185 billion, which is increasing depreciation expenses and pressuring near-term margins. Additionally, management commentary on the monetization of Gemini-integrated search and the recent closing of the Wiz acquisition will be critical for assessing long-term growth.