Alphabet GAAP EPS of $5.11 beats by $2.44, revenue of $109.9B beats by $2.87B

Alphabet reported strong Q1 results, with GAAP EPS of $5.11 (beat by $2.44) and revenue of $109.9B (+21.8% year/year, beat by $2.87B). The company also raised its quarterly cash dividend by 5% to $0.22. The beats and dividend bump are market-positive for Alphabet stock (post-market indicated a ~3.7% lift) and reinforce the strength of Big Tech in this earnings season. The results may buoy investor sentiment across the sector and support relative outperformance versus expectations, while contributing to broader market focus on technology earnings and growth momentum.