Google CEO Sundar Pichai looks on during the AI Impact Summit in New Delhi on Feb. 19, 2026. Ludovic Marin | AFP | Getty Images Alphabet is set to report its first-quarter earnings after the bell Wednesday. Here's what Wall Street is looking for, according to analysts polled by LSEG: Earnings per share: $2.63 Revenue: $107.2 billion Wall Street is also watching several other numbers in the report: Google Cloud: $18.05 billion estimated, according to StreetAccount YouTube advertising: $9.99 billion estimated, according to StreetAccount Traffic acquisition costs: $15.3 billion estimated, according to StreetAccount Alphabet's stock has been the top performer over the past year among the tech megacaps, soaring 118% as of Tuesday's close. The company is getting a boost from its Gemini artificial intelligence models and services, as well as its cloud infrastructure business, which sells capacity to developers and users of AI tools.…