Alphabet
GOOGLQ4 2025(GOOGL Q3 FY2025)Stated5.5% AI
AI Revenue %
5.5%
AI Fair Value
$157.8B
AI Revenue (Q)
$5.6B
Total Revenue (Q)
$102.3B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Google Cloud revenue was $15,157M in Q3 2025, up 34% YoY from $11,353M — growth continuing to accelerate. The filing describes Google Cloud Platform as including 'AI offerings including our AI infrastructure, Vertex AI platform, and Gemini Enterprise.' Revenue backlog surged to $157.7B (from $108.2B in Q2), primarily Google Cloud, indicating massive AI-driven contract signings. Estimating ~37% of Google Cloud as Ring 1 Core AI: $15,157M x 0.37 = $5,608M, rounded to $5,610M. The increasing AI share reflects Gemini Enterprise rapid adoption and expanding AI infrastructure consumption. This excludes all advertising revenue, Google Workspace base subscriptions, and traditional cloud services. Math: $5,610M / $102,346M = 5.5%.
Analyzed by claude-opus-4-6
Quoted Figures
Google Cloud $15,157 [million, Three Months Ended September 30, 2025]
Q3 FY2025 10-Q Note 2 Disaggregated Revenues
Revenues were $102.3 billion, an increase of 16% year over year, primarily driven by an increase in Google Services revenues of $10.5 billion, or 14%, and an increase in Google Cloud revenues of $3.8 billion, or 34%
Q3 FY2025 10-Q MD&A Executive Overview
As of September 30, 2025, we had $157.7 billion of remaining performance obligations (revenue backlog), primarily related to Google Cloud
Q3 FY2025 10-Q Note 2 Revenue Backlog
Confidence Tier
StatedAI figures cited by management on earnings calls