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Alphabet CEO Sundar Pichai said the company’s revenue grew 25% year over year in Q3 2026, while Google Cloud revenue rose 103%. He highlighted expanding use of Google’s AI models and products, but the remarks do not provide full financial statements or detail the quarter’s costs and profitability.
Alphabet CEO Sundar Pichai said the company’s revenue grew 25% year over year in the third quarter of 2026, with Google Cloud revenue up 103%, as he attributed business momentum to demand for artificial intelligence infrastructure, services and models. The remarks, published by Google on October 28 after the earnings call, highlight growth and product activity but do not provide a complete account of the quarter’s financial results.
Pichai said Alphabet had reached a $500 billion annual revenue run rate. He described Search as gaining momentum, saying AI investments were driving increased usage and query growth, including commercial queries. He added that Search’s year-over-year query growth rate was the highest in five years. Those figures and characterizations are from the CEO’s remarks; the supplied transcript does not give the underlying query counts or a breakdown of Search revenue.
Google Cloud’s 103% revenue growth was tied by Pichai to demand for AI infrastructure and solutions. He said the company was working to add capacity and was seeing demand for its TPU systems among a wide range of customers. Pichai did not specify how much of Cloud’s growth came from AI, when additional capacity would come online, or how the expansion would affect costs.
Pichai also reported that Google’s first-party model APIs were processing nearly 32 billion tokens per minute, 40% above the previous quarter and more than four times the level a year earlier. He said the Gemini app had reached one billion users, and YouTube Music and Premium had exceeded 150 million subscribers globally, including trials. The subscriber figure therefore includes trial accounts, not only paying subscribers.
AI Demand Is Driving Growth
The remarks depict AI as a source of demand across Alphabet’s Cloud infrastructure, model APIs and consumer products, rather than as a single product initiative. Cloud’s reported growth and the increase in model usage point to a potentially large opportunity for Alphabet to sell computing capacity and AI services to businesses, while AI features are also being integrated into Search and Gemini.
The development matters to customers and competitors because Pichai said demand is outpacing available Cloud capacity. Alphabet’s ability to add computing resources could shape how quickly it can serve customers and sustain growth. At the same time, the speech provides management’s account of momentum, not a detailed measure of the profitability, costs or customer retention associated with these investments.
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Models, Search and Cloud Expansion
Pichai described the Gemini 4 series as a central part of the quarter’s AI strategy. He said Gemini 4 Argon, launched two weeks before the call, saw developer-platform usage in its first week rise three-and-a-half times faster than Gemini 3’s first-week usage, despite capacity constraints. He also said Alphabet teams in Chrome, Ads and Search shipped 35% more code with 30% fewer errors after using Argon. These are company-reported comparisons; the remarks do not explain their measurement methods.
Google announced Gemini 4 Carbon on the day of the call. Pichai called it the company’s strongest frontier model and cited a score of 59 and a No. 1 ranking on the recently updated Artificial Analysis Intelligence Index. He said Carbon would initially be made available to a subset of trusted cyber defenders and was being tested by the U.S. government. The remarks also referred to Genie 4, announced the previous day as a world model for interactive simulated environments.
For Search, Pichai said Google was combining AI Overviews, AI Mode and traditional results in one experience. He reported that AI Mode queries were three times longer on average than traditional searches, and that one in five AI Mode searches globally used voice, images or documents. Google had also passed 50 billion visual searches per month, according to Pichai. These figures describe activity, not evidence that AI features have increased revenue or improved search outcomes.
“Alphabet revenues grew 25% year-over-year. We’re now at a half-trillion-dollar annual run rate.”
— Sundar Pichai, Alphabet and Google CEO
Financial and Product Details Missing
The published remarks do not include Alphabet’s full income statement, operating profit, cash flow or segment-level financial detail, so the effect of the reported growth on profitability cannot be assessed from this material alone. They also do not provide the absolute revenue figures behind the year-over-year percentages, or detail how AI-related infrastructure spending is affecting margins.
Several product and usage claims lack methodology or independent validation in the remarks. The basis for the reported model benchmark ranking, coding productivity comparisons and first-week usage comparison is not described. It is also unclear how many of the 150 million YouTube Music and Premium subscribers are paid accounts because the total includes trials. Pichai said more Cloud capacity was needed but gave no schedule or target for bringing it online.
More Models and Search Agents
Pichai said Google planned to expand Carbon access beyond a subset of trusted cyber defenders, though he did not give a timetable. He also said more Gemini models were coming, including versions designed to improve efficiency, speed and cost. The company’s plans to add Cloud capacity are another key development to watch as it seeks to meet what Pichai described as long-term demand.
On the consumer side, Google plans to bring agent-style capabilities to Search and the Gemini app, then extend them to Chrome, Android and Workspace. Pichai said those features could help users with tasks such as reservations, forms and appointments. The remarks did not specify launch dates, availability by market, or how the company will measure adoption. Alphabet’s complete quarterly financial disclosures and any subsequent product announcements will provide further detail on the claims and plans described in the CEO’s account.
Key Questions
What did Alphabet report for Q3 2026?
CEO Sundar Pichai said Alphabet revenue grew 25% year over year and Google Cloud revenue grew 103%. The remarks do not contain a full set of financial statements.
What did Google say about AI usage?
Pichai said first-party model APIs processed nearly 32 billion tokens per minute, up 40% from the prior quarter and more than four times the level a year earlier. He also said the Gemini app had reached one billion users.
What are Gemini 4 Argon and Carbon?
They are models in Google’s Gemini 4 series. Pichai said Argon had strong early developer-platform usage and Carbon was announced on October 28, with initial access planned for a subset of trusted cyber defenders.
Does the YouTube subscriber figure mean 150 million paying subscribers?
No. Pichai said YouTube Music and Premium had surpassed 150 million subscribers globally, including trials. The remarks do not separate paying accounts from trial accounts.
Source: blog.google
