Overview

• Alphabet reported $96.4 billion in Q2 revenue and $28.2 billion in net income, each surpassing analyst forecasts.
• Google Cloud revenue jumped 32% year over year to $13.6 billion and the division holds a $106 billion contract backlog.
• The company raised its 2025 capital expenditure forecast by $10 billion to $85 billion to expand data centers, chips and networking.
• AI Mode, Google’s conversational search feature launched in May, has swiftly reached 100 million monthly active users.
• A federal judge’s upcoming remedies ruling could force changes to Google’s search exclusivity and Chrome browser agreements.