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EarningsQ2 2026 Earnings Report
GOOGL Q2 2026 EPS Results
Actual EPS$9.11
Consensus EPS$2.88
Beat/MissBeat by +$6.23
One Year Ago EPS$2.31
GOOGL Q2 2026 Revenue Results
Actual Revenue$119.69B
Expected Revenue$116.45B
Beat/MissBeat by +$3.24B
YoY Revenue Growth+23.98%
Earnings Announcement Details
QuarterQ2 2026
Date07/22/2026
TimeAfter Close
Conference CallWednesday, July 22, 2026
GOOGL Upcoming Earnings
Alphabet Class A's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
GOOGL Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized very strong top-line growth, exceptional Cloud momentum (82% YoY) and robust AI adoption across products, developers, and enterprise customers. Profitability improved materially (operating income +30%) and cash generation remains strong on a trailing-12-month basis. However, the company is investing aggressively in AI infrastructure, resulting in higher CapEx, supply-constrained capacity that requires third-party bridging (creating near-term margin pressure), elevated operating costs, and continued losses in Other Bets. On balance, the strategic investments are translating into accelerating product adoption and outsized Cloud growth, while creating short-term margin and cash-flow headwinds.Company Guidance
Strong Consolidated Revenue Growth
Consolidated revenues of $119.8 billion, up 24% year-over-year (23% in constant currency), delivering the 12th consecutive quarter of double-digit revenue growth.
Outstanding Cloud Performance
Google Cloud revenue grew 82% year-over-year to $24.8 billion; Cloud operating income more than tripled year-over-year to $8.8 billion and operating margin rose to 35.6% from 20.7% a year earlier. Cloud backlog increased by more than $50 billion sequentially to $514 billion.
Search and YouTube Momentum
Search and other revenues grew 17% to $63.3 billion; YouTube advertising revenues grew 13% to $11.1 billion. Google Services revenues were $95 billion, up 15% year-over-year.
AI and Gemini Adoption
Gemini Enterprise adoption is broad (nearly 90% of the Fortune 100). Model APIs are processing ~22 billion tokens per day (up from ~16 billion a quarter ago, ~+38% QoQ). More than 9 million developers build monthly on Google models and the Gemini app has ~950 million MAUs with daily active users tripling year-over-year.
Rapid Growth in Developer & Agent Engagement
Antigravity (agent development platform) reached ~2.4 million weekly active users; agent development kit hit nearly 70 million total downloads; nearly 500 Cloud customers processed over 1 trillion tokens each in the last year and >2,000 enterprises consumed over 100 billion tokens in the past 12 months.
Improved Profitability and Cash Generation
Operating income rose 30% to $40.8 billion with an operating margin of 34%. Strong operating cash flow of $39.1 billion for the quarter and $185.7 billion for trailing 12 months. Cash and marketable securities totaled $242.5 billion.
Product & Ecosystem Innovations
New model releases (Gemini 3.6 Flash, 3.5 Flashlight, Gemini 3.5 Cyber) and features (Omni for video creation, Ask YouTube, AI mode and unified search experience) drove product usage — Omni drove a 40% increase in daily video creators on Gemini since May; GM4 downloads exceeded 300 million since April; Gemini family downloads exceed 900 million.
Commercial & Partnership Wins
Accelerating enterprise acquisition velocity (more than doubled year-over-year), strong partner traction (Google Cloud Marketplace transactions grew >7x YoY), and notable customer deployments across industries (PepsiCo, Intel, HSBC, Macy's, etc.).
GOOGL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed