Alphabet Q4 Earnings: Google’s Stock Price Shows why Gemini-Siri Deal is Cruical

Google’s parent company, Alphabet Inc, reported strong fourth-quarter results for 2025. Investors and analysts focused not just on revenue and profit. They also wanted clarity on a new partnership between Google and Apple to power Apple’s Siri with Google’s Gemini artificial intelligence. That connection became a central topic in the latest earnings call and market commentary.



The deal to integrate Google’s Gemini models into Siri promises to reshape how Apple’s voice assistant works on more than 2.5 billion active Apple devices worldwide. Experts following Google’s results urged executives to explain how this partnership will affect Google’s business, revenue, and future growth.



Analysts judged the earnings performance solid overall. But they said the longer view depends on how the Siri-Gemini collaboration plays out in revenue, usage, and broader artificial intelligence adoption.



Google earnings



Alphabet beat Wall Street’s expectations in the fourth quarter of 2025. The company delivered growth across key segments despite ongoing competition in search advertising and cloud computing. Highlights include:




Total revenue: $113.83 billion, up around 18% from a year earlier.



Earnings per share (EPS): $2.82, up roughly 31%.



Google Cloud revenue: $17.7 billion, nearly 48% growth.



Search and advertising remained a strong revenue driver.




Cloud performance stood out as a growth engine while YouTube ad revenue trailed expectations. Google also said it plans to nearly double capital spending in 2026 to $175 billion to $185 billion, largely to build AI data centers and infrastructure.



Analysts on the Siri-Gemini deal



Investors wanted more than routine financial metrics at the earnings call. They wanted specific answers about how Google expects to gain from the Apple deal. The partnership has three major elements that analysts are watching:



1. Market reach and distributionGemini’s integration into Siri will put Google’s AI models into billions of Apple devices. This is the first time a direct smart assistant feature ties two tech giants so closely, and analysts want to know how this scale translates into paid contracts or usage-based revenue.



2. Financial termsReports suggest Apple may pay around $1 billion a year for the partnership. Neither company has confirmed the exact terms. Investors want clearer guidance on how this revenue will be recognized and whether it will appear in Google’s cloud or AI licensing segments.



3. Data, privacy, and model training insightsGoogle does not get direct access to Apple user data for privacy reasons. But analysts said sales teams and AI engineers may still benefit from query patterns and insights to train future models. Understanding how that feedback loop works matters to the earnings outlook.



How the deal compares with Apple’s own earnings



Apple’s fiscal Q1 2026 earnings showed strong performance in devices like the iPhone 17 lineup and services revenue growth. Apple’s leadership also highlighted how AI enhancements, including the new Siri plans, factor into future software experiences.



Unlike Apple, Google’s results tied its AI narrative more directly to earnings metrics. Investors wanted to know whether the Siri-Gemini collaboration could turn into a measurable revenue stream or if it remains a strategic positioning play. This makes the earnings call a reference point for understanding AI’s real financial impact at major tech companies.



What's next



Google’s executives are expected to provide more detail on:




How the Siri-Gemini deal will contribute to revenue streams.



Whether Apple’s usage of Gemini models will boost cloud adoption.



How AI monetization will grow beyond search and advertising.




Investors will also watch how Google balances massive capital investment with near-term earnings growth. The answers may shape stock performance and long-term expectations for artificial intelligence returns.