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Earnings Backdrop
Google parent Alphabet Inc. (NASDAQ:GOOG, NASDAQ:GOOGL) reported Q1 earnings after the bell with a report that showed continued operational excellence from the Search monopolist. The company has one of, if not
Alphabet Q1 Earnings: The Search King Keeps Getting Better (Maintain Strong Buy)
Summary
- Alphabet Inc. aka Google reported strong Q1 earnings with a 12% YoY sales growth to $90.23 billion and GAAP EPS of $2.81, beating expectations by a wide margin.
- The company's diversified ventures, including Google Cloud, Waymo, Gemini, and custom silicon, alongside its dominant ad business, provide a robust growth runway.
- Despite legal uncertainties and AI disruption fears, Alphabet's brand durability and technological leadership make it a compelling investment, warranting a Strong Buy rating.
- Alphabet's commitment to shareholders is evident with a new $70 billion share repurchase program and a 5% dividend increase.
Retail investor researching mostly semiconductors and fintech. Some general macro musings. My goal is to bring you timely and digestible research on the stocks that I cover.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of GOOGL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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