Q2 26 EPS
$9.11
BEAT +199.41%
Est. $3.04
Q2 26 Revenue
$119.80B
BEAT +2.47%
Est. $116.91B
vs S&P Since Q2 26
-3.0%
TRAILING MARKET
GOOG +1.7% vs S&P +4.7%
Market Reaction
Did GOOG Beat Earnings? Q2 2026 Results
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. Rev… Read more 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%
GOOG YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
GOOG Revenue by Segment
With YoY comparisons, source: SEC Filings
GOOG Revenue by Geography
With YoY comparisons, source: SEC Filings
“Our AI investments are redefining what's possible across every part of our business.”
— Sundar Pichai, Q2 2026 Earnings Press Release
GOOG Earnings Trends
GOOG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GOOG EPS Trend
Earnings per share: estimate vs actual
GOOG Revenue Trend
Quarterly revenue: estimate vs actual
GOOG Quarterly Results
12 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $3.04 | $9.11 | +199.41% | $119.80B | +2.47% |
| Q1 26 BEAT | $2.63 | $5.11 | +94.10% | $109.90B | +2.67% |
| Q4 25 BEAT FY | $2.64 | $2.82 | +6.78% | $113.83B | +2.11% |
| FY Full Year | $10.60 | $10.81 | +2.03% | $402.84B | +0.62% |
| Q3 25 BEAT | $2.27 | $2.87 | +26.70% | $102.35B | +2.20% |
| Q2 25 BEAT | $2.20 | $2.31 | +5.04% | $96.43B | +2.61% |
| Q1 25 BEAT | $2.01 | $2.81 | +39.75% | $90.23B | +1.21% |
| Q4 24 BEAT FY | $2.13 | $2.15 | +1.07% | $96.47B | -0.21% |
| FY Full Year | — | $8.04 | — | $350.02B | — |
| Q3 24 BEAT | $1.85 | $2.12 | +14.59% | $88.27B | +2.25% |
| Q2 24 BEAT | $1.84 | $1.89 | +2.72% | $84.74B | +0.65% |
| Q1 24 BEAT | $1.51 | $1.89 | +25.17% | $80.54B | +2.47% |
| Q4 23 BEAT FY | $1.47 | $1.64 | +11.56% | $86.31B | +9.69% |
| FY Full Year | — | $5.80 | — | $307.39B | — |
| Q1 23 BEAT | $1.06 | $1.17 | +10.38% | $69.79B | +1.31% |