Alphabet reported a strong first quarter, with revenue exceeding $2.5 billion and earnings nearly doubling the Street estimate. The company's Q1 revenue increased 22% year-over-year to $109.9 billion, well ahead of the $107.2 billion expected. Earnings per share surged 82% to $5.11, well above the LSEG-compiled consensus estimate of $2.,63. Shares of the Google parent company rose more than 6.5% on the print in after-hours trading, with the stock already up nearly 12% year to date. The beats in search, subscriptions, and cloud more than offset small misses in YouTube advertising, Networks, and Other Bets. CFO Anat Ashkenazi stated that the investments in AI are delivering strong growth, and that the company expects its 2027 capex to significantly increase compared to 2026. The latest Gemini artificial intelligence model wowed investors while highlighting Google's custom chips co-designed with Broadcom.