Alphabet's Google Cloud Revenue Doubles Year Over Year to $30.7 Billion

Google's parent company Alphabet posted a blowout quarter this week, driven heavily by surging demand for its cloud computing services.

Key Points:

• Q3 2026 revenue of $127.6 billion

• Google Cloud revenue up 103% year over year to $30.7 billion

• Expects 2027 capital expenditures to top $300 billion

• Gemini AI assistant has reached roughly 900 million users

Why It Matters: A 103% cloud growth rate at Alphabet's scale is extraordinary — it suggests enterprise AI workloads are migrating to Google Cloud at a pace that outstrips even the broader cloud market's growth.