Google Quantum AI

Alphabet reported Q2 2026 revenues of $119.8 billion, up 24% year-over-year, marking the 12th consecutive quarter of double-digit revenue growth. Google Services revenues grew 15% to $94.5 billion, led by 17% growth in Search, while YouTube ads grew 13%. Google Cloud accelerated sharply, growing 82% to $24.8 billion, driven by demand for AI infrastructure and enterprise AI solutions. Operating income increased 30% to $40.8 billion, with operating margin expanding 2 percentage points to 34%. The company reported a substantial $98.0 billion net gain on equity securities, boosting net income to $112.1 billion and EPS to $9.11. During the quarter, Alphabet raised $49.6 billion through equity issuance and $20.3 billion in senior unsecured notes for capital expenditures and general corporate purposes. The company highlighted strong AI adoption, with nearly 90% of the Fortune 100 using Gemini Enterprise and the Gemini App reaching 950 million monthly active users.