EarningsQ2 2026 Earnings Report
MX:GOOG Q2 2026 EPS Results
Actual EPS$165.46
Consensus EPS$52.25
Beat/MissBeat by +$113.21
One Year Ago EPS$41.95
MX:GOOG Q2 2026 Revenue Results
Actual Revenue$2.17T
Expected Revenue$2.11T
Beat/MissBeat by +$60.59B
YoY Revenue Growth+23.98%
Earnings Announcement Details
QuarterQ2 2026
Date07/22/2026
TimeAfter Close
Conference CallWednesday, July 22, 2026
MX:GOOG Upcoming Earnings
Alphabet Class C's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:GOOG Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong positive momentum driven by AI adoption: robust top-line growth (24% consolidated; Cloud +82%), improving margins, large Cloud backlog ($514B), and high user and developer engagement for Gemini and AI products. Management emphasized ambitious investments (higher CapEx, TPU deployments) to capture long-term opportunities, but also warned of supply constraints, elevated near-term expenses, negative quarterly free cash flow, and some margin pressure from using third-party capacity. Overall, the positives (strong growth, profitability, AI adoption and scale) notably outweigh the near-term investment- and supply-related headwinds.Company Guidance
Strong Consolidated Revenue and Profitability
Consolidated revenues of $119.8 billion, up 24% year-over-year; operating income increased 30% to $40.8 billion and operating margin expanded to 34%.
Search and YouTube Growth
Search & other revenue grew 17% to about $63.3 billion; YouTube advertising revenue grew 13% to $11.1 billion; Google Services revenue was ~$94.5–95.0 billion, up 15% year-over-year.
Exceptional Google Cloud Momentum
Google Cloud revenue grew 82% year-over-year to $24.8 billion; Cloud operating income more than tripled to $8.8 billion and operating margin rose to 35.6% (from 20.7% a year ago); Cloud backlog increased >$50 billion sequentially to $514 billion.
AI Product Adoption and Developer Engagement
Nearly 9 million developers build monthly with Google models; model APIs processing ~22 billion tokens (up from ~16 billion last quarter); nearly 90% of Fortune 100 using Gemini Enterprise; nearly 500 cloud customers processed >1 trillion tokens each in the past year.
Gemini App and Model Distribution
Gemini app reached ~950 million monthly active users with DAUs tripling year-over-year; GM4 models downloaded >300 million times since April; Gemini family small models downloaded >900 million times total.
Product & Platform Wins for Advertisers and SMBs
0.5 million advertisers adopted AI Max; advertisers using AI-powered campaigns like AI Max/PMax see ~15% more conversions or value on search at similar ROAS; over half of SMB customers globally use AI to create or optimize creative.
Strong Cash Position and Trailing Cash Flow
Operating cash flow of $39.1 billion in Q2 and $185.7 billion trailing 12 months; cash and marketable securities of $242.5 billion (including $87.1 billion marketable equity securities).
Strategic Progress in Other Bets
Waymo launched a sixth-generation vehicle to public riders; Wing completed >1 million home deliveries; Isomorphic Labs raised >$2 billion to advance AI-driven drug discovery.
MX:GOOG 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