Alphabet announced a massive $80 billion equity capital raise to accelerate its artificial intelligence infrastructure, with Warren Buffett's Berkshire Hathaway taking a $10 billion stake.
Berkshire will purchase $5 billion in Alphabet Class A common stock at $351.81 per share and $5 billion in Class C capital stock at $348.20 per share. Goldman Sachs is acting as placement agent.
The broader raise includes $30 billion in public offerings and a $40 billion at-the-market program. Alphabet expects 2026 capital expenditure between $180 billion and $190 billion, with further increases in 2027.
The company reported $110 billion in Q1 2026 revenue, up 22% year-over-year. Google Cloud revenue surged 63% in the same period, with its backlog nearly doubling quarter-over-quarter to over $460 billion.