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Alphabet earnings updates: Stock sinks during analyst call as company hikes 2026 capex

News | 2026/07/22 16:00

Alphabet earnings updates: Stock sinks during analyst call as company hikes 2026 capex

Google's Q2 revenue jumps 82% driven by cloud business

Google's parent company, Alphabet, reported better-than-expected revenue for the second quarter, primarily driven by an 82% increase in its cloud business:

  • Earnings per share: $2.85, vs $2.89 expected
  • Revenue: $119.80 billion, vs $116.93 billion expected

The company raised its expected capex spend in 2026 to as high as $205 billion:

  • Google's Antigravity AI coding tool now has 2.4 million weekly active users:
  • Pichai touts FIFA 2026 World Cup boost:
  • The company's

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