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)→
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