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stocksJul 22, 2026, 8:04 PM

Alphabet Q2 2026 Beats Estimates: Revenue $119.80B vs $117.02B

Alphabet reported Q2 2026 earnings that exceeded consensus estimates on revenue, cloud, and operating income. Key beats include Google Cloud revenue of $24.77B versus the $22.46B estimate and total revenue ex-TAC of $103.62B vs $101.07B.

GOOGL

Alphabet (GOOGL) released its Q2 2026 financial results, beating consensus on most key metrics.

  • Revenue: $119.80B (est. $117.02B)
  • Revenue ex-TAC: $103.62B (est. $101.07B)
  • Operating Income: $40.77B (est. $40.55B)
  • Google Services: $94.54B (est. $94.32B)
  • Google Cloud: $24.77B (est. $22.46B)
  • Google Advertising: $81.63B (est. $81.12B)
  • Google Search: $63.27B (est. $63.28B) — slightly below
  • YouTube Ads: $11.06B (est. $10.81B)
  • CapEx: $44.92B (est. $44.15B)

The standout was Google Cloud, which beat the estimate by over $2.3 billion, while YouTube ads also outperformed. Search revenue was essentially in line. Operating income narrowly exceeded expectations despite higher-than-expected capital expenditure.

Source: First Squawk