Alphabet Inc

Latest Results (26.08.2026):

Alphabet Inc. reported results for the second quarter of 2026 (quarter ended June 30, 2026): consolidated revenues were $119.8 billion, up 24% year‑over‑year (23% constant currency). Google Services revenues totaled $94.5 billion (up 15%) and Google Cloud accelerated to $24.8 billion (up 82%). Operating income was $40.8 billion (up 30%) with an operating margin of 34%. Other income included a $98.0 billion net gain on equity securities, driving net income available to common stockholders to $112.1 billion and diluted EPS to $9.11. The company continued heavy AI investment and balance sheet actions, including an equity raise and debt issuance.

Top-line growth

Consolidated revenue: $119.8B, +24% YoY (23% constant currency). Growth was broad-based: Google Services +15% ($94.5B) and Google Cloud +82% ($24.8B).

Profitability and EPS

Operating income rose to $40.77B (+30%) and operating margin expanded to 34% (up 2 percentage points). Net income available to common was $112.1B (+298%) and diluted EPS was $9.11 (+294%), materially impacted by other income.

Other income impact

Other income (expense), net showed a $98.0B net gain, primarily unrealized gains on equity securities — this swing substantially increased pretax and net income and added about $6.26 to diluted EPS for the quarter.

Segment details

Google Search & other: $63.3B (+17%); YouTube ads: $11.1B (+13%); Google subscriptions, platforms & devices: $12.9B (+15%). Google Cloud operating income expanded to $8.8B from $2.8B a year earlier.

Cash, liquidity and balance sheet

Cash, cash equivalents and marketable securities totaled $242.5B as of June 30, 2026. Total assets were $922.0B and total stockholders’ equity was $640.5B.

Capital actions

In Q2 the company raised $49.6B of equity (combination of Class A/C and mandatory convertible preferred) and issued senior unsecured notes for $20.3B net proceeds. The board also declared quarterly dividends: $12.15 per Series A/B mandatory convertible preferred share and $0.22 per common share.

Cash flow and investment

Quarterly purchases of property & equipment were $44.9B (heavy AI/compute investment). Trailing‑12‑month free cash flow was $53.3B, while free cash flow for the quarter was negative $5.9B due to elevated capex.

AI/product momentum

Management highlighted strong AI adoption: Gemini Enterprise nearly used by 90% of the Fortune 100; Gemini processing ~22 billion API tokens per minute; Gemini App ~950 million monthly active users; and YouTube saw 1.7 billion unique viewers for World Cup‑related content during FIFA World Cup 2026.