Huo Xing Finance reports that on July 23, Alphabet, Google’s parent company, released its second-quarter results. Alphabet’s Q2 revenue reached $119.8 billion, a 24% year-over-year increase; operating profit was $40.8 billion, up 30% year over year; net profit surged 298% year over year to $112.1 billion, driven by significant gains in equity investments such as Anthropic. Notably, Google Cloud revenue reached $24.8 billion, far exceeding the market expectation of $22.5 billion and rising 82% year over year. Capital expenditures amounted to $44.9 billion, surpassing the expected $44.2 billion. The CEO stated that AI investments are redefining the entire business.
Google Cloud revenue exceeds expectations, growing 82% year-over-year.
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Summary
Alphabet reported Q2 revenue of $119.8 billion, a 24% year-over-year increase, with on-chain data showing strong performance across key segments. Google Cloud revenue reached $24.8 billion, surpassing forecasts by $2.3 billion and rising 82% year-over-year. On-chain analysis reveals a 30% increase in operating profit to $40.8 billion. Net profit surged 298% to $112.1 billion, driven by equity gains. Capital expenditure totaled $44.9 billion, slightly above expectations.
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