Hyperscaler capex

Alphabet capex, CY2026 Q1

Alphabet reported $35.7B of capex for CY2026 Q1, the quarter covering January to March 2026. That is +108% on the $17.2B of the same quarter a year earlier (CY2025 Q1). Guidance given that day: $180B to $190B for CY2026.

Alphabet sells Google Cloud infrastructure and enterprise software, alongside search and digital advertising services. Capex is reported for the whole group, including its consumer and AI businesses.

Capex, CY2026 Q1$35.7B
Year on year+108%
Guided, CY2026$180B to $190B
Announced29 Apr 2026

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Every field, with its source

Source per value
Reported quarter
CY2026 Q1 1
Calendar quarter
2026 Q1 1
Announced
2026-04-29 1
“April 29, 2026”
Capex (USD million)
35,700 1
“$35.7 billion”
Guidance period
CY2026 1
Guidance low (USD million)
180,000 1
“$180 to $190 billion”
Guidance high (USD million)
190,000 1
“$180 to $190 billion”
Capex definition
Reported Alphabet-wide capital expenditures, predominantly technical infrastructure; includes investment supporting Google Services, Google Cloud and AI. 1

Sources

  1. Alphabet investor relations: Alphabet CY2026 Q1 accessed 2026-11-11

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