MOUNTAIN VIEW, California, June 28, 2026, 08:05 PDT
- Chrome grabbed 70.25% of global browser share in May. Safari was next at 15.72%, while Edge was at 5.14%.
- Google Search & other ad revenue hit $60.4 billion in Q1, making up around 55% of Alphabet’s total revenue and running just over three times what Google Cloud brought in.
- Google has set limits on Meta Platforms Inc.’s NASDAQ:META use of its Gemini AI models after demand outpaced available supply, the Financial Times said in a report cited by Reuters.
Alphabet Inc. NASDAQ:GOOGL investors looking at a Sunday Fortune interview, also published on Yahoo Finance, might see less career advice and more about product allocation. Arvind Jain, co-founder of Rubrik Inc. NYSE:RBRK and Glean, talked about learning from Sundar Pichai at Google and how some of the best bets can look wrong at first. “You have to think crazy,” Jain told Fortune. Fortune
Chrome was the bet. Jain said Pichai pushed for the browser even though Microsoft Corp. NASDAQ:MSFT had the browser market and a lot of people at Google didn’t see the point. Jain called his first reaction “such a bad idea.” Later, he said, “I was not thinking big enough.” Fortune
Chrome keeps its spot as the main browser for most people, so Google can keep moving its AI search tools, Gemini prompts, and ad formats straight to a big audience. StatCounter’s numbers for May show Chrome at a 70.25% worldwide browser share. Safari trailed at 15.72%, Edge at 5.14%.
Alphabet faces ongoing legal risk tied to that gateway. The U.S. and most states appealed the Google search antitrust ruling in February. The appeal centers on the judge not ordering Chrome to be sold off or blocking Google’s deal to be default search on Apple devices. Google is appealing the finding that it violated antitrust laws.
Search continues to lead the business. Alphabet posted Q1 revenue at $109.9 billion. Google Search & other ad sales were $60.4 billion, roughly 55% of total. Google Cloud booked $20.0 billion, about 18%.
Pichai told investors in April that “Search had a strong quarter” and said “queries at an all time high” helped drive 19% revenue growth. Google Cloud revenue jumped 63%, and backlog almost doubled to over $460 billion, he added. SEC
AI supply issues are kicking in. Google put limits on Meta Platforms’ access to Gemini after Meta asked for more computing power than Google could handle, the Financial Times said, per Reuters. Some Meta internal AI work was disrupted, and other Google customers saw smaller impacts, according to the report. Reuters said it could not confirm the report right away, and both Google and Meta did not answer outside normal hours.
Chrome’s old playbook is now part of a new P&L push. Alphabet has to choose: keep Gemini capacity near Search and Chrome, or run more of it through Cloud and sell to clients, including rivals. Anat Ashkenazi, CFO for Alphabet and Google, said Google Cloud’s backlog hit $462 billion at the end of Q1, with just over half expected as revenue in the next 24 months.
Alphabet’s Q1 CapEx hit $35.7 billion. About 60% of its tech infrastructure spending went to servers, with the rest to data centers and networking gear. Free cash flow was $10.1 billion. R&D was up 26%. Sales and marketing climbed 23%, partly on Gemini app and Search.
U.S. cash equities were closed Sunday, so Alphabet’s (Class A) most recent price sat at $337.39, off 2.0%. The company’s market cap stood around $4.09 trillion. On that price, Alphabet was at roughly 25.7 times earnings.
Chrome isn’t just about nostalgia for investors. Chrome funnels traffic to Gemini, pushing up usage. Cloud tries to sell Gemini into the enterprise. Search picks up the bill for all of it.
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