Keyword → GCP revenue

Alphabet Q2 2026 Earnings Preview: $116.8B Revenue and $2.89 EPS Expected — Google Cloud $460B Backlog Is the Real Test

Alphabet reports Q2 2026 earnings after today's close, with analysts projecting revenue of roughly $116.8 billion, up 21% year-over-year, and EPS near $2.89. Google Cloud is the pivotal metric: GCP revenue is expected at $22.4 billion, up 64%, with a remaining performance obligation backlog near $488 billion. Alphabet has beaten estimates for several straight quarters, raising the bar, while a Gemini 3.5 Pro delay report and $180–$190 billion in 2026 capex have tested investor patience.