{"id":116134,"date":"2026-07-23T08:01:19","date_gmt":"2026-07-23T08:01:19","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/116134\/"},"modified":"2026-07-23T08:01:19","modified_gmt":"2026-07-23T08:01:19","slug":"googles-q2-earnings-of-112-11b-beat-wall-streets-expectations-on-ai-boom-3","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/116134\/","title":{"rendered":"Google’s Q2 Earnings of $112.11B Beat Wall Street’s Expectations on AI Boom"},"content":{"rendered":"

Google<\/a> parent company Alphabet Inc. posted stronger-than-expected results for its second quarter, a sign that it’s massive artificial intelligence spending spree is paying off so far and advertising revenue is coming in strong.<\/p>\n

The Mountain View, California<\/a>-based company said Wednesday it earned $112.11 billion, or $9.11 per share, in the April-June period. That’s up from $28.2 billion, or $2.31 per share, in the same period a year earlier.<\/p>\n

Revenue grew 24% to $119.8 billion from $96.43 billion.<\/p>\n

Analysts, on average, were expecting revenue of $117.06 billion, according to a poll by FactSet. Google did not disclose an adjusted earnings figure that’s comparable to analysts’ expectations, which was $2.88 per share. Google saw a net gain of $98 billion, mainly as a result of gains on its equity investments \u2014 mostly in SpaceX, which went public in June<\/a>. <\/p>\n

\u201cOur AI investments are redefining what\u2019s possible across every part of our business,\u201d said CEO Sundar Pichai in a statement. <\/p>\n

Emarketer analyst Nate Elliott called the results \u201cimpressive,\u201d especially in regards to AI.<\/p>\n

\u201cOn the consumer side, Gemini is now within a whisker of becoming Google\u2019s third different 1 billion-user consumer AI product, alongside AI Overviews and AI Mode,\u201d he said. “On the enterprise side, AI demand is driving enormous growth in the cloud business. And continued strong growth in search advertising backs up Google\u2019s claim that AI is additive to search, not a replacement.\u201d<\/p>\n

As usual, digital ads fueled by Google\u2019s dominant search engine propelled the quarter’s revenue growth, boosted by World Cup advertising, especially on YouTube. <\/p>\n

The tech giant also saw strong growth in its cloud business, boosted by its AI portfolio consisting of chips, models, data, security, and agent platforms.<\/p>\n

Alphabet’s shares climbed $2.71 to $344.62 in after-hours trading. <\/p>\n

Copyright 2026 The\u00a0Associated Press<\/a>. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.<\/p>\n

Photos You Should See \u2013 June 2026<\/p>\n

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