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Alphabet Inc Class C
NASDAQ: GOOG Internet Content & Information
$345.74
▲ $1.15 (+0.33%) today
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Google (GOOG) Q2 2026 Earnings

Reported Jul 22, 2026, 4:01pm ET · SEC source
$9.11
Beat +199.41%
EPS · est. $3.04
$119.8B
Beat +2.47%
Revenue · est. $116.9B
+4.8%
Beating market
GOOG vs S&P since report
12 quarters
Consecutive EPS beats

How Did GOOG Stock React to Q2 2026 Earnings?

% change · around the report
−6%−3%0+3%Jul 22Jul 23report 4:01pm ETearnings−1.1%−5.2%
−6%−3%0+3%Jul 22Jul 23earnings−1.1%−5.2%
GOOG −5.2%S&P 500 −1.1%
−6%−3%0+3%Jul 22Jul 23report 4:01pm ETearnings−1.6%−5.2%
−6%−3%0+3%Jul 22Jul 23earnings−1.6%−5.2%
GOOG −5.2%NASDAQ −1.6%
−3%0+3%+6%Jul 21Jul 30report 4:01pm ETearnings−0.8%+2.0%
−3%0+3%+6%Jul 21Jul 30earnings−0.8%+2.0%
GOOG +2.0%S&P 500 −0.8%
−4%0+4%Jul 21Jul 30report 4:01pm ETearnings−2.8%+2.0%
−4%0+4%Jul 21Jul 30earnings−2.8%+2.0%
GOOG +2.0%NASDAQ −2.8%
−6.89%
Day of report
+0.24%
Next session
+4.82%
One week
+8.25%
30 days

S&P 500 over the same 30 days: +3.43%.

Did GOOG Beat Earnings? Q2 2026 Results

Yes. Google reported Q2 2026 earnings of $9.11 a share on Jul 22, 2026, beating the $3.04 consensus estimate by 199.4%. Revenue was $119.8B against a $116.9B estimate.

Alphabet Inc. delivered a blowout second quarter for fiscal 2026, posting earnings per share of $9.11 against a consensus estimate of $3.04, a beat of 199.41% that extended the company's streak of topping EPS estimates to 11 consecutive quarters. Revenue climbed 24.2% year-over-year to $119.80 billion, edging past the $116.91 billion consensus by 2.47%, and marking the company's 12th straight quarter of double-digit revenue growth. The headline driver was Google Cloud, which accelerated to 82% revenue growth and reached $24.77 billion, fueled by surging enterprise demand for AI infrastructure, with CEO Sundar Pichai noting that nearly 90% of the Fortune 100 now use Gemini Enterprise. Operating income expanded 30% to $40.77 billion, lifting operating margin two percentage points to 34%, while reported net income of $112.11 billion was substantially inflated by a $99.03 billion gain on equity securities. The quarter also reflected Alphabet's aggressive AI buildout posture, with capital expenditures reaching $44.92 billion and the company raising roughly $70 billion in combined equity and debt financing to fund that expansion.

Key Takeaways
  • Google Cloud revenue accelerated to 82% growth driven by enterprise AI Solutions, AI Infrastructure, and core GCP services
  • Google Search & other revenue grew 17% driven by AI-powered features increasing query growth
  • Google subscriptions, platforms, and devices revenue grew 15%
  • YouTube ads revenue grew 13%
  • Net unrealized gains on equity securities of $99 billion significantly boosted net income
  • Operating margin expanded 2 percentage points to 34%

“Our AI investments are redefining what's possible across every part of our business.”

Google CEO, on the earnings call

GOOG YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$40.0B$80.0B$120.0B$96.4B$119.8BRevenue$57.4B$73.9BGross Profit$31.3B$40.8BOperating Income$28.2B$112.1BNet Income
$0$40.0B$80.0B$120.0BRevenueGross ProfitOperating IncomeNet Income
GOOG income statement, Q2 2026 versus Q2 2025
Metric Q2 2026 Q2 2025 Year over year
Revenue $119.8B $96.4B +24.2%
Gross Profit $73.9B $57.4B +28.7%
Operating Income $40.8B $31.3B +30.4%
Net Income $112.1B $28.2B +297.6%

GOOG Revenue by Segment

Google Services$94.5B+15.0%
Google advertising$81.6B+14.4%
Google Search & other$63.3B+17.0%
Google Cloud$24.8B+82.0%
Google subscriptions, platforms, and devices$12.9B+15.0%
YouTube ads$11.1B+13.0%
Google Network$7.3B−0.7%
Other Bets$382.0M+2.4%

GOOG Revenue by Geography

United States$60.8B+32.0%
EMEA$32.5B+15.0%
Asia Pacific$19.3B+17.0%
Other Americas$7.0B+23.0%
Americas

When Does Google Report Next?

Expected report date

Figures from SEC filings and company reports. Not investment advice.