Alphabet's Quarter Didn't Just Impress, It May Be the Catalyst That Pushes the Stock to Lead the Mag 7 Higher By Joel South Published Apr 30, 4:11PM EDT Quick Read Google reported Q1 FY2026 EPS of $5.11 against a $2.63 estimate—a 94% surprise—with revenue climbing 22% to $109.896B and operating margin expanding to 36%, while Google Cloud backlog surged to over $460B, nearly doubling quarter on quarter. Gemini is processing 16 billion tokens per minute, up 60%, and paid subscriptions across YouTube and Googl ...