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GOOGLEarnings2026-04-29

Alphabet's CEO comments on near-term compute constraints in the context of allocating capacity.

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Sundar Pichai · Alphabet Investor Relations · Alphabet 2026 Q1 Earnings Call

Obviously, we are compute constrained in the near term. And as an example, our Cloud revenue would have been higher if we were able to meet the demand. So we are working through that moment and we are investing, but we have a robust long range planning framework, and we see extraordinary opportunities ahead, and we are allocating with that framework in mind.

Transcribed from the source video. Automatic captions, corrected for known mis-transcriptions.

Key terms

compute constrained
Limited by the amount of available processing capacity rather than by customer demand.
ROIC
Return on invested capital, a measure of the profit generated relative to the money put into a business.

Educational summary of a public statement. Not investment advice.