Keyword → cloud revenue

Alphabet Q2 2026 Revenue Hits $119.8B, Up 24%; Google Cloud Accelerates 82% to $24.8B — Free Cash Flow Turns Negative $5.9B on Record $44.9B Capex

Alphabet posted Q2 2026 revenue of $119.8 billion, up 24% year-over-year and well above the $116.9 billion consensus, as Google Cloud accelerated to 82% growth and hit $24.8 billion — its fastest expansion rate among major cloud providers. Cloud backlog swelled to $514 billion. The catch: record capital expenditures of $44.9 billion flipped free cash flow to negative $5.9 billion, and full-year capex guidance was raised to $195–$205 billion, triggering an after-hours dip in Nasdaq-100 futures.