Alphabet vs Apple: The Better Buy Before Earnings
This financial analysis compares Alphabet (GOOG) and Apple (AAPL) ahead of their Q2 2026 earnings reports. Alphabet reports on July 22, Apple on July 30. Alphabet's strengths include a $460 billion Cloud backlog, 63% Cloud revenue growth, and heavy AI infrastructure investment with $175-185 billion CapEx guidance for 2026. However, free cash flow dropped 46.63% to $10.12 billion. Apple benefits from an iPhone 17 supercycle, Services revenue record of $30.98 billion, and a $100 billion buyback authorization, but trades at a 43 P/E after a 20% rally. The author leans toward Alphabet as the better pre-earnings buy due to its contract-backed Cloud backlog and recent share pullback, while noting Apple's fortress balance sheet suits risk-averse investors. The article also promotes a free list of top 10 AI stocks from an analyst.
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