---
schema_version: "secwatch.filing_event.v1"
accession: "0001652044-23-000041"
form_type: "8-K"
ticker: "GOOGL"
cik: "0001652044"
company_name: "Alphabet Inc."
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T16:24:06.845757+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alphabet Q1 revenue $69.8B, up 3%; Cloud turns profitable; authorizes $70B buyback

## Summary
- Revenue $69.8B, up 3% YoY (+6% CC); GAAP diluted EPS $1.17 (vs $1.23).
- Google Cloud revenue $7.5B (+28% YoY); operating income $191M, turning profitable from loss $706M.
- Recorded $2.6B in charges from workforce reduction ($2.0B severance) and office space optimization ($564M).
- Board authorized additional $70B share repurchase program on April 19, 2023.
- Extended server useful life to 6 years, reducing depreciation $988M, boosting net income $770M ($0.06/share).

## SEC filing metadata
- accession: 0001652044-23-000041
- form_type: 8-K
- ticker: GOOGL
- cik: 0001652044
- company_name: Alphabet Inc.
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1652044/000165204423000041/0001652044-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1652044/000165204423000041/goog-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001652044-23-000041
- JSON: https://secwatch.observer/filing/0001652044-23-000041.json
- Plain text: https://secwatch.observer/filing/0001652044-23-000041.txt

## Key facts
- Earnings Releases
  Alphabet Inc. reported quarter ended March 31, 2023 results: revenue $69,787, net income $15,051, EPS $1.17.
  - Period: quarter ended March 31, 2023
  - Revenue: $69,787
  - Net income: $15,051
  - EPS: $1.17
  - Result: reported results
  source text: Quarter Ended March 31, 2022 2023 Revenues $ 68,011 $ 69,787 Change in revenues year over year 23 % 3 % Change in constant currency revenues year over year (1) 26 % 6 % Operating income $ 20,094 $ 17,415 Operating margin 30 % 25 % Other income (expense), net $ (1,160) $ 790 Net income $ 16,436 $ 15,051 Diluted EPS $ 1.23 $ 1.17
  evidence_url: https://www.sec.gov/Archives/edgar/data/1652044/000165204423000041/0001652044-23-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.