Alphabet beats on cloud growth, hikes capex guidance amid AI push
TL;DR Summary
Alphabet beat Q2 expectations with EPS of $9.11 on $119.8B revenue, led by Google Cloud’s 82% year‑over‑year growth to $24.77B (vs. $24.56B est.) and advertising of $81.63B. Remaining performance obligations rose to $514B. The company also raised full‑year capital expenditure guidance to $195B–$205B to fund AI/data-center infrastructure, and the stock fell a bit over 2% as investors weighed the AI spending against near‑term returns.
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