Google Cloud Jumps 63% to $20 Billion in Q1 as Operating Margin Reaches 33%
Updated
Updated · The Motley Fool · Jun 8
Google Cloud Jumps 63% to $20 Billion in Q1 as Operating Margin Reaches 33%
3 articles · Updated · The Motley Fool · Jun 8
Summary
$20 billion in first-quarter revenue marked a 63% year-over-year surge for Google Cloud, with the unit delivering a 33% operating margin as AI demand strengthened.
$462 billion in customer backlog gives the business unusually strong visibility, underscoring how heavily enterprises are committing to Google Cloud's AI offerings.
Alphabet's broader AI push also spans custom tensor processing units, Google Search, YouTube and the Gemini app, which has reached 900 million monthly active users.
That momentum has helped fuel investor gains, with Alphabet shares up 17% in 2026 and 112% over the past 12 months.