Alphabet raised its full-year 2026 capital expenditure guidance to $195–205 billion, with Q2 capital spending reaching $44.9 billion, primarily for AI infrastructure. Google Cloud added over $50 billion in new backlog during Q2, bringing the total backlog to $514 billion, and recognized TPU sales revenue for the first time in its earnings report.
Alphabet raises its 2026 capital expenditure guidance to $195B–$205B
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Summary
Alphabet increased its 2026 capital expenditure guidance to $195B–$205B, with Q2 spending reaching $44.9B, primarily for AI infrastructure. Google Cloud added over $50B in new backlog orders in Q2, bringing the total to $514B, and disclosed TPU sales revenue for the first time. This aligns with rising trends in AI and crypto, as companies expand infrastructure to support new token listings and AI-driven platforms.
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