According to CNBC, Alphabet shares fell in trading after the market closed on Wednesday, after its parent company, Google, reported second-quarter revenue of $119.8 billion, up 24% year over year, and higher than the $116.9 billion expected by LSEG. Earnings per share were $9.11, while operating income came in at $40.77 billion, and operating margins expanded by 1.6 percentage points compared with the prior year. Alphabet raised its 2026 capital expenditures (capex) outlook to a range of between $195 billion and $205 billion, up from a previous range of $180 billion to $190 billion, and executives said capital spending would rise significantly in 2027. CEO Sundar Pichai said its “AI Mode” has surpassed one billion monthly active users since it was rolled out globally last October, while CFO Anat Ashkenazi said Alphabet does not plan to return to public stock markets except in connection with its sales via an ATM mechanism tied to employee equity compensation tax obligations.
Article
Alphabet Slides After Beating Second-Quarter Revenue, Improves 2026 Capex Outlook
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.