GOOGL · 10-Q · 2026Q1 · Full report

Data Center Backstop Commitments

Alphabet Inc. · 2026-04-30 · Importance 71 · Surprise 60 · Matches filing data

Alphabet disclosed financial guarantees and credit derivative backstops with maximum potential future payments of $9.0 billion and $28.4 billion, respectively, as of March 31, 2026. The company also has an agreement to provide up to $33.3 billion of future backstops to support the build-out of data center and energy supply infrastructure, and in April 2026 entered into a backstop agreement for approximately $15.3 billion against that remaining commitment. These backstops are tied to third-party data center and power infrastructure builds and include rights to assume underlying leases or make termination payments under specified conditions. The company references Note 3 (and Note 10) for additional information on the structure and potential obligations of these arrangements.

Key facts

• Alphabet has entered into an agreement to provide up to $33.3 billion of future backstops to support build-out of data center and energy supply infrastructure, and in April 2026 agreed to backstop approximately $15.3 billion with a data center provider. source

Impact estimates