Alphabet Q2 revenue $119.8B beats estimates, Gemini reaches 950M monthly users

Published Jul 22, 09:14 PM UTC

Alphabet reported its 12th consecutive quarter of double-digit revenue growth, posting Q2 2026 revenue of $119.8 billion (up 24% year-over-year), beating Wall Street estimates of $117 billion. Earnings per share surged 295% to $9.11, far exceeding consensus estimates of $2.88. Google Cloud revenue jumped 82% to $24.8 billion, driven by AI product demand, with operating income tripling to $8.8 billion. CEO Sundar Pichai announced Gemini now has 950 million monthly active users, up from 750 million in Q4 2025. Capital expenditures doubled to $44.9 billion as Alphabet invests heavily in AI infrastructure. Other income reached $97.8 billion, largely from equity securities including investments in Anthropic and SpaceX. Shares fell 3% after hours but analysts expect a rebound due to the cloud revenue beat.