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Google DeepMind’s Gemini 4 Carbon takes the top spot in LM Arena’s Text Arena

Google DeepMind’s Gemini 4 Carbon takes the top spot in LM Arena’s Text Arena

Photo: Tim Witzdam / Pexels

The new Gemini variant scored 1,528 points on the blind-voting leaderboard and placed in the top four on agent and web development tests

Alphabet Inc. (GOOGL) price

Full chart and stats

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Market cap
$3.9T (shares as of 2026-06-30)
P/E (trailing)
16.1 (EPS to 2026-06-30)
Annual revenue
$402.8B USD (FY ended 2025-12-31) 10-K
Annual revenue growth
+15.1% (FY ended 2025-12-31 vs FY ended 2024-12-31) 10-K
Annual net income
132,170,000,000 USD (FY ended 2025-12-31, attributable to the company) 10-K
Annual operating margin
32.0% (FY ended 2025-12-31)
Forward P/E
Unavailable: no dated forecast source

Gloria daily close for session Oct 27, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Alphabet Inc. and its peers

Company PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
Alphabet Inc. GOOGL · Price dated Oct 27, 2026 · tokenized GOOGLx $321$3.9T16.1Unavailable$402.8BFY ended 2025-12-31 · 10-K+15.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K132,170,000,000FY ended 2025-12-31, attributable to the company · 10-K32.0%FY ended 2025-12-31
Alphabet Inc. (Class C) GOOG · Price dated Oct 27, 2026 $317$3.9T15.9Unavailable$402.8BFY ended 2025-12-31 · 10-K+15.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K132,170,000,000FY ended 2025-12-31, attributable to the company · 10-K32.0%FY ended 2025-12-31
Meta Platforms Inc. META · Price dated Oct 27, 2026 · tokenized METAx $620$1.6T21.2Unavailable$201.0BFY ended 2025-12-31 · 10-K+22.2%FY ended 2025-12-31 vs 2024-12-31 · 10-K60,458,000,000FY ended 2025-12-31, attributable to the company · 10-K41.4%FY ended 2025-12-31
AppLovin Corporation APP · Price dated Oct 27, 2026 · tokenized APPx $263$88.1B20.2Unavailable$5.5BFY ended 2025-12-31 · 10-K+70.0%FY ended 2025-12-31 vs 2024-12-31 · 10-K3,333,751,000FY ended 2025-12-31, attributable to the company · 10-K75.8%FY ended 2025-12-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 27, 2026, 8:48 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Token vs underlying stock

Current comparison for GOOGL. Historical observations may postdate this article.

GOOGLx token unit vs GOOGL share · USD

$321.43Oct 27 UTC

-15.0% over displayed period

● GOOGLx token┄ GOOGL stock: $320.58

Aug 4, 2026: token $378.19 at 20:00 UTC; stock close $377.65 Aug 5, 2026: token $363.03 at 20:00 UTC; stock close $362.43 Aug 6, 2026: token $358.14 at 20:00 UTC; stock close $357.75 Aug 7, 2026: token $355.20 at 20:00 UTC; stock close $354.30 Aug 10, 2026: token $357.76 at 20:00 UTC; stock close $357.52 Aug 11, 2026: token $344.26 at 20:00 UTC; stock close $343.80 Aug 12, 2026: token $344.44 at 20:00 UTC; stock close $343.54 Aug 13, 2026: token $347.06 at 20:00 UTC; stock close $346.36 Aug 14, 2026: token $346.47 at 20:00 UTC; stock close $345.90 Aug 17, 2026: token $344.71 at 20:00 UTC; stock close $344.00 Aug 18, 2026: token $344.71 at 20:00 UTC; stock close $344.20 Aug 19, 2026: token $345.42 at 20:00 UTC; stock close $344.72 Aug 20, 2026: token $341.21 at 20:00 UTC; stock close $340.67 Aug 21, 2026: token $345.60 at 20:00 UTC; stock close $344.82 Aug 24, 2026: token $348.94 at 20:00 UTC; stock close $348.06 Aug 25, 2026: token $347.59 at 20:00 UTC; stock close $346.96 Aug 26, 2026: token $342.69 at 20:00 UTC; stock close $342.00 Aug 27, 2026: token $341.18 at 20:00 UTC; stock close $340.65 Aug 28, 2026: token $347.10 at 20:00 UTC; stock close $346.59 Aug 31, 2026: token $339.89 at 20:00 UTC; stock close $339.35 Sep 1, 2026: token $335.42 at 20:00 UTC; stock close $335.02 Sep 2, 2026: token $337.78 at 20:00 UTC; stock close $337.12 Sep 3, 2026: token $342.96 at 20:00 UTC; stock close $342.48 Sep 4, 2026: token $339.38 at 20:00 UTC; stock close $338.46 Sep 8, 2026: token $338.99 at 20:00 UTC; stock close $338.36 Sep 9, 2026: token $331.31 at 20:00 UTC; stock close $330.65 Sep 10, 2026: token $333.00 at 20:00 UTC; stock close $332.60 Sep 11, 2026: token $339.44 at 20:00 UTC; stock close $338.50 Sep 14, 2026: token $350.02 at 20:00 UTC; stock close $349.39 Sep 15, 2026: token $345.54 at 20:00 UTC; stock close $344.98 Sep 16, 2026: token $343.72 at 20:00 UTC; stock close $342.87 Sep 17, 2026: token $348.19 at 20:00 UTC; stock close $347.33 Sep 18, 2026: token $349.96 at 20:00 UTC; stock close $349.54 Sep 21, 2026: token $355.68 at 20:00 UTC; stock close $354.97 Sep 22, 2026: token $351.84 at 20:00 UTC; stock close $351.16 Sep 23, 2026: token $338.83 at 20:00 UTC; stock close $337.83 Sep 24, 2026: token $343.15 at 20:00 UTC; stock close $342.36 Sep 25, 2026: token $344.56 at 20:00 UTC; stock close $343.92 Sep 28, 2026: token $343.44 at 20:00 UTC; stock close $342.75 Sep 29, 2026: token $341.65 at 20:00 UTC; stock close $340.92 Sep 30, 2026: token $344.99 at 20:00 UTC; stock close $344.08 Oct 1, 2026: token $339.14 at 20:00 UTC; stock close $338.24 Oct 2, 2026: token $344.17 at 20:00 UTC; stock close $343.50 Oct 5, 2026: token $347.05 at 20:00 UTC; stock close $346.47 Oct 6, 2026: token $348.53 at 20:00 UTC; stock close $347.68 Oct 7, 2026: token $351.27 at 20:00 UTC; stock close $350.50 Oct 8, 2026: token $348.51 at 20:00 UTC; stock close $348.29 Oct 9, 2026: token $352.71 at 20:00 UTC; stock close $351.66 Oct 12, 2026: token $353.57 at 20:00 UTC; stock close $352.72 Oct 13, 2026: token $354.45 at 20:00 UTC; stock close $353.78 Oct 14, 2026: token $347.97 at 20:00 UTC; stock close $347.64 Oct 15, 2026: token $350.19 at 20:00 UTC; stock close $349.22 Oct 16, 2026: token $341.50 at 20:00 UTC; stock close $340.59 Oct 19, 2026: token $345.25 at 20:00 UTC; stock close $344.18 Oct 20, 2026: token $340.61 at 20:00 UTC; stock close $340.28 Oct 21, 2026: token $335.85 at 20:00 UTC; stock close $334.76 Oct 22, 2026: token $324.33 at 20:00 UTC; stock close $324.22 Oct 23, 2026: token $321.30 at 20:00 UTC; stock close $320.21 Oct 26, 2026: token $317.69 at 20:00 UTC; stock close $316.80 Oct 27, 2026: token $321.43 at 20:00 UTC; stock close $320.58
Aug 4$316.80 to $378.19Oct 27

Source: CoinGecko + Gloria · Retrieved Oct 28, 14:51 UTC

Methodology and data

Split-adjusted regular-session stock closes from the existing Gloria shared history, paired only with an observed token price within 45 minutes of 16:00 New York time. Up to 60 matched sessions. No interpolation or missing-date fill. Weekends and known early closes are omitted. Token units are not adjusted for issuer multipliers or dividend treatment. This compares quoted prices, not fair value, executable premiums or arbitrage returns. Solid line: token. Dashed line: stock. Exact quote times and values appear below. Historical observations. Retrieval refers to the token source. Token quote times use UTC. The fixed cohort shows its oldest member fetch.

Alphabet token vs Alphabet stock: exact source values
Date (UTC)Token (USD)Stock close (USD)Token quote (UTC)
2026-08-04378.19377.652026-08-04 20:00
2026-08-05363.03362.432026-08-05 20:00
2026-08-06358.14357.752026-08-06 20:00
2026-08-07355.20354.302026-08-07 20:00
2026-08-10357.76357.522026-08-10 20:00
2026-08-11344.26343.802026-08-11 20:00
2026-08-12344.44343.542026-08-12 20:00
2026-08-13347.06346.362026-08-13 20:00
2026-08-14346.47345.902026-08-14 20:00
2026-08-17344.71344.002026-08-17 20:00
2026-08-18344.71344.202026-08-18 20:00
2026-08-19345.42344.722026-08-19 20:00
2026-08-20341.21340.672026-08-20 20:00
2026-08-21345.60344.822026-08-21 20:00
2026-08-24348.94348.062026-08-24 20:00
2026-08-25347.59346.962026-08-25 20:00
2026-08-26342.69342.002026-08-26 20:00
2026-08-27341.18340.652026-08-27 20:00
2026-08-28347.10346.592026-08-28 20:00
2026-08-31339.89339.352026-08-31 20:00
2026-09-01335.42335.022026-09-01 20:00
2026-09-02337.78337.122026-09-02 20:00
2026-09-03342.96342.482026-09-03 20:00
2026-09-04339.38338.462026-09-04 20:00
2026-09-08338.99338.362026-09-08 20:00
2026-09-09331.31330.652026-09-09 20:00
2026-09-10333.00332.602026-09-10 20:00
2026-09-11339.44338.502026-09-11 20:00
2026-09-14350.02349.392026-09-14 20:00
2026-09-15345.54344.982026-09-15 20:00
2026-09-16343.72342.872026-09-16 20:00
2026-09-17348.19347.332026-09-17 20:00
2026-09-18349.96349.542026-09-18 20:00
2026-09-21355.68354.972026-09-21 20:00
2026-09-22351.84351.162026-09-22 20:00
2026-09-23338.83337.832026-09-23 20:00
2026-09-24343.15342.362026-09-24 20:00
2026-09-25344.56343.922026-09-25 20:00
2026-09-28343.44342.752026-09-28 20:00
2026-09-29341.65340.922026-09-29 20:00
2026-09-30344.99344.082026-09-30 20:00
2026-10-01339.14338.242026-10-01 20:00
2026-10-02344.17343.502026-10-02 20:00
2026-10-05347.05346.472026-10-05 20:00
2026-10-06348.53347.682026-10-06 20:00
2026-10-07351.27350.502026-10-07 20:00
2026-10-08348.51348.292026-10-08 20:00
2026-10-09352.71351.662026-10-09 20:00
2026-10-12353.57352.722026-10-12 20:00
2026-10-13354.45353.782026-10-13 20:00
2026-10-14347.97347.642026-10-14 20:00
2026-10-15350.19349.222026-10-15 20:00
2026-10-16341.50340.592026-10-16 20:00
2026-10-19345.25344.182026-10-19 20:00
2026-10-20340.61340.282026-10-20 20:00
2026-10-21335.85334.762026-10-21 20:00
2026-10-22324.33324.222026-10-22 20:00
2026-10-23321.30320.212026-10-23 20:00
2026-10-26317.69316.802026-10-26 20:00
2026-10-27321.43320.582026-10-27 20:00

Stock history: Gloria · Retrieved Oct 28, 00:31 UTC. Token history: CoinGecko GOOGLx.

Quoted token and share units can have different rights, multipliers and dividend treatment. This is not an executable premium or arbitrage signal.

Google DeepMind has a new leaderboard champion. Gemini 4 Carbon, a variant in the Gemini 4 generation, now holds the number one spot in LM Arena’s Text Arena with a score of 1,528 points.

Carbon’s showing goes beyond text. The model also ranked second in Agent Arena and fourth in WebDev Arena, so this isn’t a one-trick result.

How Gemini 4 Carbon stacked up

The headline number is 1,528 points in Text Arena, enough for the top global ranking. Text Arena measures how people rate a model’s written answers when compared directly against rival models.

Second place in Agent Arena may matter even more over time. That category tests multi-step and autonomous work, where a model has to plan, act and follow through without constant hand-holding.

The fourth-place finish in WebDev Arena rounds out the picture. That leaderboard rewards models that can produce working web code and functional applications, not just plausible-looking snippets.

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The “Carbon” label marks a specific variant within the larger Gemini 4 family.

Why LM Arena scores carry weight

Static benchmarks use fixed sets of questions. Once those questions circulate widely, models can end up effectively studying for the test, which inflates scores without improving real-world usefulness.

LM Arena takes a different approach. It shows users two anonymous responses to the same prompt and asks which one is better, then feeds those votes into an Elo-style rating system.

Put simply, a model’s score rises when people prefer it over opponents in blind matchups, and falls when they don’t. Nobody knows which brand they’re voting for until after the fact.

The platform draws on millions of these human head-to-head votes. That scale, combined with the blind format, is why the leaderboard has become a widely cited reference point for frontier model performance.

The Gemini family’s fast climb

Carbon arrives after a rapid run of upgrades across the Gemini lineup, which has moved from Gemini 1.0 through successive generations to Gemini 4.

The competition includes OpenAI, Anthropic, Meta and xAI, all of which ship new models on a relentless schedule.

What this means for the AI race

For Google, the result is a useful counter to the narrative that it spent years playing catch-up in generative AI. A first-place Text Arena finish gives the company a concrete, third-party-style data point to point to.

There are caveats worth keeping in mind. Human preference votes capture what people like reading, which doesn’t always line up perfectly with accuracy, safety or cost efficiency at scale.

The WebDev result is a reminder of that nuance. Carbon leads on text, but other models still edge it out on building web applications, so the “best model” question depends heavily on the job.

Disclosure: This article was edited by Diego Almada Lopez. For more information on how we create and review content, see our Editorial Policy.

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