Alphabet beats expectations in Q2 2026; Google Cloud revenue jumps 82%

Google's parent company Alphabet reported second-quarter results after the U.S. market close on Wednesday, July 22, 2026, beating analyst expectations on both revenue and profit. Total revenue reached $119.8 billion (above an estimate of about $116.9 billion) and earnings per share came in at $9.11.

The main growth engine was Google Cloud, whose revenue jumped 82% year over year to $24.77 billion, with the unit's contract backlog reported at $514 billion. Total advertising revenue was $81.63 billion, and YouTube advertising rose 13% to about $11.06 billion. The company's capital expenditure for the quarter was reported at $44.9 billion.

Alphabet CEO Sundar Pichai said the Gemini app now has 950 million active users. The report is one of the first major tests of the technology earnings season for gauging returns on heavy AI spending.