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.
- 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.
GOOGFrequently Asked Questions
Why did Alphabet's net income increase 298% year-over-year?
Operating income grew 30% year-over-year, and unrealized gains on the company's equity holdings (a paper gain from accounting revaluation, not an actual sale) added $97.983 billion. Most of the increase in net income came from these unrealized gains.
Why did Google Cloud revenue surge 82%?
According to the SEC filing, demand for enterprise AI solutions and AI infrastructure grew, alongside continued growth in traditional cloud services. CEO Sundar Pichai said 90% of Fortune 100 companies use the company's AI tool, Gemini Enterprise.
Did Alphabet issue guidance for next quarter?
The SEC 8-K filing did not include specific revenue or profit figures for next quarter or the full year. However, management noted that growth momentum across its AI-related businesses is continuing.
What exactly does 'unrealized gain' mean?
It refers to a gain calculated under accounting rules when the value of assets such as stock holdings rises, without any actual cash being realized from a sale. Most of Alphabet's $97.983 billion in other income this quarter was this type of gain.
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