Alphabet (GOOGL) Earnings Take: AI Adoption, Cloud Scale, and Margin Balance to Watch

Alphabet (GOOGL) reported Q4 revenue growth driven by accelerated AI product adoption in Search and Gemini, strong momentum in Google Cloud, and expanded consumer and subscription services. The company launched Gemini 3 and is integrating advanced AI models, while expanding its own AI infrastructure and enterprise solutions. Key watchpoints include the pace of AI monetization in Search and Gemini, scaling Google Cloud amid supply constraints, balancing infrastructure investments with margins, and execution of new ad formats and Waymo’s international expansion. Alphabet closed at $318.85, down from $333.04 from the earnings event on February 9, 2026.