Alphabet CEO Highlights Gemini 3, AI Growth and CapEx Plan

Alphabet announced Q4 earnings and CEO Sundar Pichai summarized major product and infrastructure milestones including Gemini 3 adoption and a large 2026 CapEx plan.

• Main announcement: Alphabet reported Q4 results with annual revenues exceeding $400 billion, highlighted the launch and momentum of Gemini 3, and announced 2026 CapEx guidance of $175 to $185 billion; Sundar Pichai also noted intent to acquire Intersect (data center and energy infrastructure solutions) and detailed Cloud, YouTube and Waymo metrics.
• Additional details/background:Cloud is on an annual run rate of over $70 billion with a $240 billion backlog, YouTube annual revenues surpassed $60 billion, Google reported over 325 million paid subscriptions, Gemini App has 750 million MAU, and the company reduced Gemini serving unit costs by 78% over 2025.