Alphabet's (GOOG, Financial) stock jumped over 5% in early trading Friday after the tech giant shared some impressive Q1 numbers, proof that ads, cloud and AI are firing on all cylinders.

Revenue jumped about 12% to $90.2 billion, beating expectations, and operating income climbed more than 20%, pushing margins up to 34%. Net profit jumped 46% to $34.5 billion, or $2.81 a share, compared with $1.55 a year ago.

CEO Sundar Pichai gave a shout-out to Gemini 2.5, saying early interest in the AI model is already paying off across search, cloud and other services. He also dropped the news that the dividend is going up 5% to $0.21 per share.

Analysts say the mix of ad dollars, cloud deals and AI innovation helped smooth out higher data-center costs. “Our AI roadmap is really gaining steam,” Pichai said, teasing new Gemini integrations on the horizon.

With regulators watching closely in the U.S. and EU, Alphabet stressed it's on top of compliance. For now, investors seem more focused on the AI upside, and the stock's strong pop reflects that excitement.