Hello everyone!
Today $GOOGL (Alphabet Inc Class A) released it's Q2 2026 earnings:
Revenue: $120 Bn vs $117 Bn expected ✅ (24% YoY growth).
EPS: $9.11 vs $2.88 expected (again most of it is unrealized gains on equities).
By segments:
Search: $63 Bn (up 17% YoY).
Youtube ads: $11 Bn (up 13% YoY).
Cloud: $25 Bn (up 82% YoY) and about $9Bn in profit.
Also the cloud backlog grew from 460 Bn to $514 Bn.
CapEx guidance for the year was raised again from $185 Bn to $200 Bn.
Once again great numbers from $GOOGL, specially from the cloud segment.
The stock is down about 4% today, most likely because the market is worried about the CapEx increase. I can't agree with the reaction. If $GOOGL were a restaurant, they'd have a line out the door every night, leaving some customers unserved. By investing heavily in data centers, they are just opening a second location next door in order to serve all their clients.
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Not investment advice. The author may have financial interests in the mentioned instruments.
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