Alphabet reports strong Q2 2026 earnings and AI growth

Alphabet has announced its second quarter 2026 earnings results and highlighted major AI, cloud, ads, and infrastructure updates.

• Revenue and profitability: Consolidated revenue was $119.8 billion, up 24% year over year; operating income was $40.8 billion; Google Cloud revenue was $24.8 billion, up 82%; cloud backlog reached $514 billion.
• CapEx and infrastructure: Q2 capex was $44.9 billion, with about 60% on servers and 40% on data centers and networking equipment; Alphabet raised full-year 2026 capex guidance to $195-205 billion from $180-190 billion, citing accelerating capacity delivery and ongoing supply constraints.