Google Cloud revenue exceeds expectations, growing 82% year-over-year in Q2 2026.

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Alphabet reported Q2 2026 earnings on July 23, showing Google Cloud revenue of $24.8 billion, surpassing forecasts of $22.5 billion and rising 82% year-over-year. On-chain analysis reveals strong demand for cloud infrastructure. Alphabet’s total revenue reached $119.8 billion, up 24% YoY, with operating profit at $40.8 billion, a 30% increase. On-chain data supports continued growth in cloud services.

ChainThink reports that, according to Alphabet's second-quarter earnings report, the company's Q2 revenue was $119.8 billion, a 24% year-over-year increase;

Operating profit was $40.8 billion, a 30% year-over-year increase, with an operating margin of approximately 34%. Google Cloud revenue reached $24.8 billion, exceeding the market expectation of $22.5 billion and growing 82% year-over-year.

Driven by equity gains from Anthropic and others, Alphabet's net profit reached RMB 112.1 billion, a 298% year-over-year increase. The company's second-quarter capital expenditures amounted to $44.9 billion, exceeding the market expectation of $44.2 billion.

The CEO said that AI investments are redefining the entire business.

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