Alphabet beats Q2 estimates with $119.8B revenue, but capex hits $44.92B
sanjaykalra · x · 2026-07-23
Alphabet’s Q2 2026 earnings beat estimates, but the market focused on rising capex.
The chart attached to the post shows:
- Revenue: $119.8B vs. $117B expected
- Adjusted EPS: $9.11 vs. $2.95 expected
- Google Cloud revenue: $24.77B vs. $22.4B expected
- Capex: $44.92B vs. $44.1B expected
- Operating income: $40.7B vs. $40.5B expected
The takeaway in the post is that strong operating results were overshadowed by worries about how much more Google will keep spending on AI infrastructure.
Related event: Google Cloud Doubles in Q2 but AI Spending Turns Free Cash Flow Negative(60 posts)→
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