Google Cloud revenue surged 82% to $24.8 billion, with the Gemini app reaching 950 million monthly active users.

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Alphabet reported Q2 revenue of $119.8 billion, a 24% year-over-year increase, with Google Cloud revenue surging 82% to $24.8 billion, driven by AI infrastructure and enterprise AI services. The Gemini App now has 950 million monthly active users, with daily active users tripling compared to a year ago. The Fear and Greed Index reflects heightened market participation. Alphabet also raised its 2026 capital expenditure forecast by $15 billion to a range of $195 billion to $205 billion. Altcoins to watch may benefit from increased cloud and AI spending.
ME AI News, according to monitoring by Beating, Alphabet, Google’s parent company, reported second-quarter revenue of $119.8 billion, a 24% year-over-year increase. Google Cloud revenue rose to $24.8 billion, surging 82% year-over-year—significantly exceeding the market’s expected growth of around 64%. Google attributed this growth primarily to its AI infrastructure and enterprise AI services. The backlog of contracts for Cloud increased to $514 billion. Monthly active users of the Gemini app reached 950 million, while daily active users tripled compared to a year ago. Google’s model APIs process approximately 22 billion tokens per minute, up from 16 billion in the previous quarter. This growth has also been accompanied by increased investment: Alphabet raised its 2026 capital expenditure forecast by another $15 billion, to a range of $195 billion to $205 billion. Following the earnings release, the stock dropped more than 3% in after-hours trading. (Source: BlockBeats)
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