Alphabet revenue rose 24% to $119.8B as Google Cloud jumped 82% to $24.8B
tinyfool · x · 2026-07-23
According to TechCrunch, Alphabet’s latest quarter showed revenue up 24% year over year to $119.8 billion. Google Cloud revenue jumped 82% to $24.8 billion, and cloud contract backlog rose to $514 billion.
The post argues that weak developer sentiment around Gemini does not contradict the fact that enterprises are buying Google’s AI infrastructure at scale. The demand signal is coming from cloud and infrastructure procurement, not just consumer-facing model buzz.
Related event: Google Cloud Doubles in Q2 but AI Spending Turns Free Cash Flow Negative(60 posts)→
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