Recent news coverage of Alphabet has been elevated primarily around two developments. On 28 May 2026, Waymo — Alphabet's autonomous driving unit — launched public passenger rides in its new Ojai robotaxi across San Francisco, Los Angeles, and Phoenix, with trips initially offered free of charge to select riders in those cities [Brief - 2026-05-28]. Separately, broader market conditions were shaped by US military strikes on Iranian targets near the Strait of Hormuz, which produced sharp swings in oil prices and risk assets across multiple sessions [Brief - 2026-05-28] [Brief - 2026-05-26] [Brief - 2026-05-25]. A PCE reading of 3.3% meeting estimates also featured in macro briefings during the period [Brief - 2026-05-28].
Alphabet's financials for the trailing twelve months ending 31 March 2026 show revenue of $422.5 billion, representing year-over-year growth of 21.79%. Net income for the same period stood at $160.2 billion, yielding a net margin of 37.92% and an operating margin of 32.69%. Earnings per share grew 81.85% year-over-year. The company reported cash of $38.1 billion against total debt of $78.8 billion. The market capitalisation was approximately $4.61 trillion, with a price-to-earnings ratio of 29.01 as of the reporting date [SEC 10-Q - GOOGL - 2026-03-31].
Insider activity over the past 30 days recorded 35 transactions, with a net direction of selling and a net disposal value of approximately $3.87 million [SEC Form 4 - GOOGL - 2026-06]. Among institutional holders, Berkshire Hathaway added 224% to its reported position, Bridgewater added 50%, and AQR Capital added 21%. In contrast, Coatue reduced its position by 39% and Citadel reduced its position by 12% [SEC 13F - Berkshire - Q1 2026] [SEC 13F - Bridgewater - Q1 2026] [SEC 13F - AQR Capital - Q1 2026] [SEC 13F - Coatue - Q1 2026] [SEC 13F - Citadel - Q1 2026].
The prevailing macro backdrop features a 10-year US Treasury yield of 4.45% and a 2-year yield of 3.99%, producing a normal yield curve with a spread of 46 basis points [FRED DGS10] [FRED DGS2]. This report was generated in response to material institutional position changes across multiple major filers and elevated news coverage centred on the Waymo robotaxi expansion and broader geopolitical volatility affecting global markets.