Overview

• Alphabet posted $96.4 billion in Q2 revenue, up 14% year-over-year, and earned $28.2 billion in net income, topping analyst estimates.
• Google Cloud revenue rose 32% to $13.6 billion and its customer backlog swelled to $106 billion on strong enterprise AI adoption.
• The company raised its full-year capital expenditure outlook by $10 billion to $85 billion to expand data centers, servers and AI chip capacity.
• AI Mode reached 100 million monthly active users in the U.S. and India, while AI Overviews and other search enhancements are driving higher engagement.
• Alphabet is bracing for an antitrust remedy decision on its search monopoly as competition from AI startups intensifies.