Companies
Alphabet Inc - Class A
NASDAQ: GOOGL
$280.03
▲ $1.04 (+0.37%) today
Markets closed · 1:09am ET

Google (GOOGL) Q2 2026 Earnings

Reported Jul 22, 2026, 4:01pm ET · SEC source
$9.11
Beat +215.17%
EPS · est. $3.04 GAAP

Includes a $99.0 billion gain on equity securities (primarily net unrealized gains), which the company says increased the provision for income tax, net income, and diluted net income per common share by $21.9 billion, $77.1 billion, and $6.26, respectively.

$119.8B
Beat +2.47%
Revenue · est. $116.9B
+6.1%
Beating market
GOOGL vs S&P since report
1 quarter
Consecutive EPS misses

How Did GOOGL Stock React to Q2 2026 Earnings?

% change · around the report
−6%−3%0+3%Jul 22Jul 23report 4:01pm ETearnings−1.1%−5.3%
−6%−3%0+3%Jul 22Jul 23earnings−1.1%−5.3%
GOOGL −5.3%S&P 500 −1.1%
−6%−3%0+3%Jul 22Jul 23report 4:01pm ETearnings−1.6%−5.3%
−6%−3%0+3%Jul 22Jul 23earnings−1.6%−5.3%
GOOGL −5.3%NASDAQ −1.6%
−3%0+3%+6%Jul 21Jul 30report 4:01pm ETearnings−0.8%+2.2%
−3%0+3%+6%Jul 21Jul 30earnings−0.8%+2.2%
GOOGL +2.2%S&P 500 −0.8%
−4%0+4%Jul 21Jul 30report 4:01pm ETearnings−2.8%+2.2%
−4%0+4%Jul 21Jul 30earnings−2.8%+2.2%
GOOGL +2.2%NASDAQ −2.8%
−7.13%
Day of report
+0.65%
Next session
+5.03%
One week
+9.56%
30 days

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

Did GOOGL 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 delivered a blockbuster second quarter of 2026, posting GAAP diluted EPS of $9.11 against a consensus estimate of $2.89, a beat of 215.17% that extended the company's streak of consecutive EPS beats to 11 quarters, though the figure was heavily shaped by a $99.00 billion gain on equity securities, primarily unrealized, which the company disclosed added $6.26 to diluted EPS after raising the tax provision by $21.90 billion. Revenue of $119.80 billion grew 24.2% year over year and cleared the $116.91 billion consensus by 2.47%, with Google Cloud as the quarter's clearest engine, its revenue surging 82% as enterprises leaned into AI infrastructure and platform services, lifting Cloud operating income to $8.81 billion from $2.83 billion a year earlier. Google Services also contributed, rising 15% led by Search. Capital expenditures of $44.92 billion, double the prior-year level, left quarterly free cash flow negative at $5.86 billion, as Alphabet raised roughly $70 billion in equity and debt to fund its accelerating compute buildout.

Key Takeaways
  • Google Cloud revenue up 82%, led by GCP across enterprise AI Solutions, enterprise AI Infrastructure and core GCP services
  • Google Search & other revenue up 17%, with AI features driving Search query growth
  • Google subscriptions, platforms, and devices revenue up 15%
  • YouTube ads revenue up 13%, aided by FIFA World Cup 2026 viewership of over 1.7 billion unique viewers
  • Operating margin expanded 2 percentage points to 34%
  • $99.0 billion gain on equity securities lifted other income to $97,983 million

“Q2 was an amazing quarter, with Alphabet revenues growing 24% year-over-year and Google Cloud revenues accelerating to 82% growth, driven by demand for AI infrastructure and AI solutions. It's great to see wide adoption of Gemini Enterprise, with nearly 90% of the Fortune 100 using it.”

Google CEO, on the earnings call

GOOGL YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$40.0B$80.0B$120.0B$96.4B$119.8BRevenue$31.3B$40.8BOperating Income$28.2B$112.2BNet Income
$0$40.0B$80.0B$120.0BRevenueOperating IncomeNet Income
GOOGL income statement, Q2 2026 versus Q2 2025
Metric Q2 2026 Q2 2025 Year over year
Revenue $119.8B $96.4B +24.2%
Operating Income $40.8B $31.3B +30.4%
Net Income $112.2B $28.2B +297.9%

GOOGL Revenue by Segment

Google Services
Google advertising
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%

GOOGL 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

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