Alphabet's Revenue Nears $120B in Q4
Alphabet, the parent company of Google, announced record revenues of $119.8 billion in the second quarter of 2026, surpassing the expected $116.93 billion, thanks to an 82% growth in its cloud business. The company also raised its capital expenditure forecast for 2026 to over $200 billion, following a spend of $44.9 billion in the second quarter, with a focus on investing in artificial intelligence infrastructure to meet increasing demand. Although search revenues were slightly below expectations, the company anticipates challenges and shifts in search performance during the third quarter, amid growing pressures from Chinese cloud computing tools and competition from new AI models.
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