GOOGL · Alphabet Inc.
10-Q filed 2026-04-30 period 2026-03-31
82 Strong
confidence high · source filing on SEC.gov ↗
- Alphabet completed the acquisition of Wiz for $29.5 billion on March 11, 2026, significantly expanding its Google Cloud security offerings.
- Capital expenditures doubled YoY to $35.7 billion, reflecting aggressive infrastructure investments to support AI compute demands.
- The company paused its share repurchase program during the quarter, recording zero buybacks compared to $15.1 billion in the prior year period.
Filing Health Score pillars
Profitability 25%
92
Consolidated revenues grew 22% YoY to $109.9 billion, while operating margin expanded to 36% from 34%, demonstrating strong operating leverage (MD&A - Executive Overview).
Balance sheet 20%
85
Alphabet maintains a robust balance sheet with $126.8 billion in cash and marketable securities against $77.5 billion in long-term debt, though share count rose slightly due to paused buybacks (Balance Sheet, MD&A - Share Repurchase Program).
Cash generation 20%
78
Operating cash flow was strong at $45.8 billion, but massive capex of $35.7 billion (32.5% of revenue) reduced free cash flow to $10.1 billion, representing a 9.2% FCF margin (Cash Flows, MD&A - Capital Expenditures).
Risk flags 20%
70
While going-concern risks are absent, risk flags are raised by $15.6 billion in accrued legal/regulatory fines and substantial new commitments, including a $40 billion private investment (MD&A - Accrued Legal and Regulatory, Executive Overview).
Mgmt signal 15%
80
Management demonstrated strong execution with Google Cloud revenue growing 63% and a 5% dividend increase, though they paused share repurchases to fund major acquisitions like Wiz for $29.5 billion (MD&A - Executive Overview, Share Repurchase Program).
Key metrics (Three Months Ended March 31, 2026)
revenue: $109,896 million
cash and equivalents: $38,063 million
total debt: $77,501 million
shares outstanding: 12,116 million
net income: $62,578 million
period: Three Months Ended March 31, 2026
operating cash flow: $45,790 million
Gemma triage notes (pre-analysis, second opinion)
None for this filing.Automated research summaries derived from SEC filings. Not investment advice.