Google Cloud revenue reaches $24.8B as operating income climbs to $8.8B
thedealdirector · x · 2026-07-23
Google Cloud’s revenue and operating income keep climbing
The post argues that Google’s models may be “mid,” but Google Cloud’s sales performance has been excellent over the last year.
The attached chart shows Google Cloud revenue rising from $2.8B in Q1’20 to $24.8B in Q2’26, while operating income moves from losses in early quarters to $8.8B by Q2’26. The main takeaway is that Google Cloud has become a major profit engine even if its model lineup is not seen as best-in-class.
Related event: Google Cloud Doubles in Q2 but AI Spending Turns Free Cash Flow Negative(60 posts)→
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