Alphabet's Q1 2026 Capex More Than Doubled to $35.7 Billion

Alphabet spent $35.7 billion on capital expenditures in Q1 2026, per its SEC filing — more than double the $17.2 billion spent in Q1 2025. That single quarter already exceeds 56% of the $63.6 billion Alphabet spent across the first nine months of 2025. The FY 2025 10-K states the company expects to "significantly increase" 2026 infrastructure investment.