Earnings Brief

Alphabet Q2 Revenue Hits $119.8B, Up 24% YoY as Cloud Surges 82%

Alphabet's Q2 revenue rose 24% year-over-year to $119.8 billion. Cloud revenue surged 82% to $24.7 billion, while EPS jumped to $9.11 from $2.31 a year earlier.

Justin Jeon·July 23, 2026 at 05:11·3 min

alphabet-q2-2026-revenue-up-24-cloud-surges-82

AIKey Summary

Alphabet's Q2 revenue rose 24% YoY to $119.8B, with cloud revenue surging 82%
Shares ticked up post-earnings but fell 1.24% to $341.91 as of July 23

Alphabet said in an SEC 8-K filing on the 22nd (local time) that its Q2 revenue rose 24% year-over-year to $119.8 billion.

📊 Stock Price at Time of Writing (July 23, 2026, 05:08 KST)
$341.91 ▼ -1.24%

At a Glance

Both revenue and profit topped market expectations. Core businesses including search advertising and YouTube continued double-digit growth, while cloud revenue jumped sharply on strong AI demand. Unrealized gains on equity holdings (a paper gain, not from an actual sale) also boosted net income significantly.

Revenue: $119.8 billion, up 24% year-over-year
Earnings per share (EPS): $9.11, up 294% from $2.31 a year earlier
Operating income: $40.77 billion, up 30% year-over-year; operating margin expanded from 32% to 34%

Market Reaction

Foreign media reported that Alphabet shares ticked up slightly right after the earnings release, driven by growth in AI and cloud. Investing.com reported that EPS beat Wall Street estimates by $0.18 and revenue also topped expectations. However, as of 5:08 a.m. KST on July 23 — around the time this article was written — Alphabet shares stood at $341.91, down 1.24% from the previous close.

By Segment

Google Services (Search, YouTube, subscriptions, etc.): $94.54 billion, up 15% year-over-year
Google Cloud: $24.768 billion, up 82% year-over-year
Google Search & Other: $63.271 billion, up 17% year-over-year

This article was automatically generated based on the original SEC 8-K filing and wire reports, with the goal of quickly delivering key data right after the announcement. Readers are advised to check the company's official filing before making trading decisions. The stock price reflects the time of writing and may differ from the current price.

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