finance
Alphabet Stock Hits Record High After Q1 2026 Revenue of $109.9 Billion
Alphabet reported $109.9 billion in Q1 2026 revenue, beating expectations and driving its stock over 5% higher to a record level. PC Connection announced expectations to outperform the U.S. IT market by 200 basis points in 2026 amid a backlog peak. Microsoft forecasted $190 billion in 2026 capital spending, exceeding Wall Street estimates due to rising memory prices.
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Alphabet's stock surged more than 5% to its highest level on record following the company's Q1 2026 earnings report. 9 billion in revenue for the quarter, beating expectations. Alphabet's cloud revenue grew 63% and topped $20 billion in Q1 2026.
Multiple sources confirmed Alphabet beat Q1 2026 earnings expectations, with the stock reaching its peak after the announcement. 9 billion in revenue for Q1 2026, exceeding forecasts. The share price increase was reported as over 5% in immediate trading.
PC Connection held its Q1 2026 earnings call, where it reported earnings per share that beat expectations. The company also reported sales for Q1 2026 during the call. PC Connection is listed on NASDAQ under the ticker CNXN.
In the earnings call, PC Connection discussed its backlog, which hit its highest level since mid-2022. The company addressed supply inflation and the PC refresh outlook. U.S.
IT market by 200 basis points in 2026. Microsoft forecasted $190 billion in capital spending for 2026, attributing the figure to soaring memory prices. This forecast exceeds Wall Street's estimate. Microsoft's 2026 capital spending forecast is due to rising memory costs, according to the company.
CNBC reported that Microsoft's forecast on revenue for 2026 was light. The company's forecast on operating margin for 2026 was also light. These projections come amid the higher capital spending plans.
