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

Published on Β· Source: finance.yahoo.com

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

AI Summary

Summarized by AI from the source below

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.

Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.

About Alphabet Inc. (Class A) (GOOGL)

Alphabet is the parent of Google, generating most of its revenue from search and advertising while expanding in cloud computing, YouTube, and AI. Class A shares (GOOGL) carry voting rights.

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