Google Cloud revenue jumps 103% to $30.7B as Gemini hits 1B users
rohanpaul_ai · x · 2026-10-29
Alphabet's Q3 2026 results: revenue up 25% to $127.6B; Google Cloud surged 103% YoY to $30.7B with operating income tripling to $11.1B on AI infrastructure demand.
Key data points:
- The Gemini app reached 1B users, Google's fastest-growing product ever; model APIs now process 32B tokens per minute, 4x a year ago; Search query growth is the highest in five years
- TPU sales contributed meaningfully to Cloud growth—Oracle now offers TPUs and OpenAI reportedly buys them, though most TPU revenue is expected only in 2027
- AI data center spending pushed free cash flow to negative $9B+ (vs -$5.9B last quarter); shared AI research costs rose 71% YoY to $7.7B
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