Google Cloud revenue jumps 103% to $30.7B as TPU sales become major driver
rohanpaul_ai · x · 2026-10-29
Alphabet's Q3: revenue up 25% to $127.6B, operating margin 31.8%, net income $26.2B. Key AI takeaways:
- Google Cloud revenue grew 103% YoY to $30.7B, driven by AI infrastructure demand; TPU systems sales were a meaningful contributor, with Oracle now offering TPUs and OpenAI reportedly buying them
- Cloud operating income tripled to $11.1B
- First-party model APIs now process 32B tokens per minute, over 4x a year ago; Gemini app hit 1B users
- Search query growth is the highest in five years; Pichai says Alphabet is on a half-trillion-dollar revenue run rate
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