Alphabet revenue rose 24% to $119.8B as Google Cloud backlog hit $514B
tinyfool · x · 2026-07-23
Alphabet’s latest quarter showed 24% year-over-year revenue growth to $119.8 billion, while Google Cloud revenue jumped 82% to $24.8 billion and the cloud backlog reached $514 billion.
The post argues that this is not inconsistent with developers feeling Gemini is “not that hot”: enterprises may still be buying Google’s AI infrastructure at scale even if the model itself is not generating as much excitement in developer circles.
Related event: Google Cloud Doubles in Q2 but AI Spending Turns Free Cash Flow Negative(60 posts)→
More from Companies & People
- Forter's 13 lessons from its agent sprint: skip custom RAG, lean on mature enterprise search — bibryam · 2026-09-11
- Law Professor on Legal Engineering Jobs: Stigma Is Real but Builder Skills Open New Doors — jkubicki · 2026-09-11
- AI safety community mocked as 'bridge engineers' who say bridges can never be safe — Dan_Jeffries1 · 2026-09-11
- SoftBank's Masayoshi Son predicts 100 trillion self-replicating AIs: "humans' era as top life form is ending" — Puzzleheaded-King584 · 2026-09-11
- Inside Ant Group's play at WAIC-style expo: AI and hardware vendors settle into new division of labor — 智东西 · 2026-09-11
- Instagram head says engagement falls by half without the algorithm — hsuduebc2 · 2026-09-11