Alphabet (GOOGL) Google Cloud Revenue Grows 82% Year Over Year

Alphabet's (GOOGL) Google Cloud revenue reached $24.8 billion in Q2, marking an 82% increase compared to the previous year. Operating income tripled to $8.8 billion, raising the segment margin to 35.5%. Google Cloud's backlog stands at $514 billion, with over half expected to be recognized as revenue within two years. Alphabet has also raised its 2026 capex guidance to between $195 billion and $205 billion, reflecting ongoing demand for cloud capacity. This growth supports a favorable outlook for investors as Alphabet continues to capitalize on its AI technology advancements.