Yahoo Finance
Alphabet (GOOG) (GOOGL) released its Q2 2026 earnings yesterday, July 22, after the close of markets.
The earnings were a mixed bag, with the company beating on the top line and missing on the bottom line.
The stock is, however, down today as investors fret over the ever-growing capex to build artificial intelligence (AI) infrastructure.
In my previous article, I noted that while GOOGL slipped below Berkshire Hathaway's (BRK.A) (BRK.B) buying price in the June private placement, the stock wasn't a screaming buy.
I'll look into Alphabet's outlook and examine whether GOOGL stock is a compelling buy now.
Let's begin by looking at the headline numbers from Alphabet's Q2 report.
Revenues increased 24% year-over-year (YoY) to $119.8 billion, with the number coming in ahead of the $116.9 billion that analysts were expecting.
Google Search revenues rose 17% YoY, which was slightly below estimates, while YouTube ad revenues rose 13%, beating estimates.
What stole the show, however, was the 82% growth in cloud revenues.
For context, consensus estimates called for a 63% growth, which was similar to what the company posted in the previous quarter.
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| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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