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Google's Google Cloud reported second-quarter revenue of $24.8 billion, an 82 percent increase from the same period last year, while operating profit rose to $8.8 billion, three times the amount from the same period last year; the company raised its 2026 capital expenditure guidance to between $195 billion and $205 billion.
Alphabet's Google Cloud reported second-quarter revenue of $24.8 billion, an 82% year-over-year increase, while operating income more than tripled to $8.8 billion. The segment margin expanded from 20.6% to 35.5%. The company also raised its 2026 capital expenditure (capex) guidance to $195 billion-$205 billion, up from a prior range of $180 billion-$190 billion, primarily to support AI infrastructure. CEO Sundar Pichai stated that Google Cloud's momentum is driven by its integrated AI portfolio, including custom Tensor Processing Units (TPU) chips and Gemini models.
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