Jun 2026 (Q2 FY26) — Jul 22, 2026
Alphabet Q2 FY26 — Strong AI-driven Growth Across Search, Cloud, and YouTube
Read the full callAlphabet (GOOGL) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Full-stack AI and internet-services company spanning Search, Google Cloud, YouTube, and ventures like Waymo autonomous ride-hailing and Wing drone delivery.
Alphabet earnings: last reported Wed, 22 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 119,796 | +24.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 34.0 | +1.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 112,193 | +297.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
10 of 13 judged targets kept · 9 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| YouTube Premium Lite launch in new countries | launch in more than a dozen new countries in Q2 2026 | Mar 2026 | Q2 FY26 YouTube section covers subscriptions and Premium growth but never states whether the dozen-plus new Premium Lite countries launched | Ghosted |
| Full-year capital expenditures | a further increase versus 2025 | Jun 2025 | We are updating our full year 2026 CapEx guidance range to $195 billion to $205 billion, up from our previous estimate of $180 billion to $190 billion | Revised Up |
| Full-year capital expenditures | a significant increase compared to 2026 | Mar 2026 | we continue to expect our CapEx to increase significantly in 2027 and we'll provide more details at a later date | On Track |
3 of Alphabet Inc.'s 22 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 19 more targets are in the full ledger.
Claimed
- Consolidated revenue grew 24% year-over-year to $119.8 billion.
- Cloud revenue grew 82% to $24.8 billion, with operating income tripling to $8.8 billion and margin expanding to 35.6%.
- Search and Other revenue grew 17% to over $63 billion, driven by retail and finance.
- Gemini app reached 950 million monthly active users, with daily active users tripling in the last year.
- Cloud backlog increased by over $50 billion sequentially to $514 billion, driven by Enterprise AI demand.
Qualified
- Negative free cash flow of $5.9 billion in Q2 FY26 due to CapEx investments.
- CapEx guidance increased to $195 billion-$205 billion for FY26, up from $180 billion-$190 billion.
- Anticipated slight FX headwind to consolidated revenue in Q3 FY26.
- Modest margin pressure in Google Cloud in the near term due to expanded use of third-party capacity.
Price
$344.18 +1.05% · +$3.59
Performance +35.9% 1Y
1Y: $253.3 on 17 Oct 2025 → $344.18. High $402.62 (13 May 2026), low $250.46 (21 Oct 2025).
- Previous close
- $340.59
- 52-week range
- $250.46 – $402.62
- One year
- +34.16%
Overview
- Symbol
- GOOGL
- Sector
- Communication Services
- Exchange
- US
- Currency
- USD
What Alphabet does
Based on the company's own presentations, annual report and earnings calls.
Alphabet runs a full-stack AI and internet-services business across Search & other, Google Cloud, YouTube, and Other Bets. Google Search monetizes queries through advertising, increasingly powered by AI Overviews and AI Mode, while Google Cloud sells enterprise cloud infrastructure and generative-AI products built on the company's own custom silicon (TPUs, Axion CPUs) and Gemini/Gemma models. YouTube earns from advertising and paid subscriptions such as YouTube Music & Premium. Other Bets includes Waymo's autonomous ride-hailing service and Wing's drone-delivery operation.
Segments
- Google Search & other
- Google Cloud
- YouTube
- Other Bets
- Paid subscriptions
- 350 million (YouTube Music & Premium, Google One, incl. AI plans)
- Waymo weekly autonomous rides
- 500,000+ per week
- Waymo city footprint
- 11 major U.S. cities
- YouTube Shorts publishing channels
- 10 million+ channels daily
- YouTube daily living-room watch time (U.S.)
- 200 million+ hours/day
- First-party AI model token throughput
- 16 billion tokens/minute (up from 10 billion prior quarter)
Guidance
What management said, and what became of it
10 of 13 judged targets kept · 9 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| YouTube Premium Lite launch in new countries | launch in more than a dozen new countries in Q2 2026 | Mar 2026 | Q2 FY26 YouTube section covers subscriptions and Premium growth but never states whether the dozen-plus new Premium Lite countries launched | Ghosted |
| Full-year capital expenditures | a further increase versus 2025 | Jun 2025 | We are updating our full year 2026 CapEx guidance range to $195 billion to $205 billion, up from our previous estimate of $180 billion to $190 billion | Revised Up |
| Full-year capital expenditures | a significant increase compared to 2026 | Mar 2026 | we continue to expect our CapEx to increase significantly in 2027 and we'll provide more details at a later date | On Track |
Claimed
- Consolidated revenue grew 24% year-over-year to $119.8 billion.
- Cloud revenue grew 82% to $24.8 billion, with operating income tripling to $8.8 billion and margin expanding to 35.6%.
- Search and Other revenue grew 17% to over $63 billion, driven by retail and finance.
- Gemini app reached 950 million monthly active users, with daily active users tripling in the last year.
- Cloud backlog increased by over $50 billion sequentially to $514 billion, driven by Enterprise AI demand.
Qualified
- Negative free cash flow of $5.9 billion in Q2 FY26 due to CapEx investments.
- CapEx guidance increased to $195 billion-$205 billion for FY26, up from $180 billion-$190 billion.
- Anticipated slight FX headwind to consolidated revenue in Q3 FY26.
- Modest margin pressure in Google Cloud in the near term due to expanded use of third-party capacity.
The full ledger
Open Alphabet Inc.’s full ledger
A free account opens 5 company ledgers a month. All 22 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 29, 2026
Alphabet Q1 FY26 — AI Investments Drive Strong Growth Across Search and Cloud
Read the full callDec 2025 (Q4 FY25) — Feb 4, 2026
Alphabet Q4 FY25 — AI Investments Drive Record Revenues and Cloud Acceleration
Read the full callEvery analysed call
Alphabet earnings calls (GOOGL)
Financials
What the filings say
Net profit, year on year: +298% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 88,268 | 96,469 | 90,234 | 96,428 | 102,346 | 113,828 | 109,896 | 119,796 |
| Expenses | 59,747 | 65,497 | 59,628 | 65,157 | 71,118 | 77,894 | 70,200 | 79,026 |
| Operating profit | 28,521 | 30,972 | 30,606 | 31,271 | 31,228 | 35,934 | 39,696 | 40,770 |
| Operating margin | 32.3% | 32.1% | 33.9% | 32.4% | 30.5% | 31.6% | 36.1% | 34.0% |
| Other income | 3,185 | 1,271 | 11,183 | 2,662 | 12,759 | 3,183 | 37,716 | 97,983 |
| Interest | 54 | 53 | 34 | 261 | 143 | 298 | 533 | 1,278 |
| Profit before tax | 31,706 | 32,243 | 41,789 | 33,933 | 43,987 | 39,117 | 77,412 | 138,753 |
| Tax rate | 17.1% | 17.7% | 17.4% | 16.9% | 20.5% | 11.9% | 19.2% | 19.1% |
| Net profit | 26,301 | 26,536 | 34,540 | 28,196 | 34,979 | 34,455 | 62,578 | 112,193 |
| EPS ($ per share) | 2.14 | — | 2.84 | 2.33 | 2.89 | — | 5.17 | 9.23 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 45,049 | 50,552 | 58,510 | 61,774 | 68,184 | 76,534 | 84,800 | 93,126 |
| Reserves | 134,885 | 152,122 | 163,401 | 191,484 | 195,563 | 211,247 | 245,084 | 324,055 |
| Total liabilities | 55,164 | 74,467 | 97,072 | 107,633 | 109,120 | 119,013 | 125,172 | 180,016 |
| Fixed assets | 59,719 | 73,646 | 84,749 | 97,599 | 112,668 | 134,345 | 171,036 | 246,597 |
| Investments | 92,439 | 101,177 | 110,229 | 118,704 | 91,883 | 86,868 | 72,191 | 96,135 |
| Total assets | 232,792 | 275,909 | 319,616 | 359,268 | 365,264 | 402,392 | 450,256 | 595,281 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 47,971 | 54,520 | 65,124 | 91,652 | 91,495 | 101,746 | 125,299 | 164,713 |
| Cash from investing | -28,504 | -29,491 | -32,773 | -35,523 | -20,298 | -27,063 | -45,536 | -120,291 |
| Cash from financing | -13,179 | -23,209 | -24,408 | -61,362 | -69,757 | -72,093 | -79,733 | -37,388 |
| Net cash flow | 5,986 | 1,797 | 7,967 | -5,520 | 934 | 2,169 | -582 | 7,242 |
| Capital expenditure | -25,139 | -23,548 | -22,281 | -24,640 | -31,485 | -32,251 | -52,535 | -91,447 |
| Free cash flow | 22,832 | 30,972 | 42,843 | 67,012 | 60,010 | 69,495 | 72,764 | 73,266 |
GOOGL revenue by segment
Google Cloud grew from 13% to 21% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Google Services | 87% | 87% | 86% | 86% | 85% | 84% | 82% | 79% | +14.5% |
| Google Cloud | 13% | 12% | 14% | 14% | 15% | 16% | 18% | 21% | +81.8% |
| All Other Segments | <1% | <1% | 1% | <1% | <1% | <1% | <1% | <1% | +2.4% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
GOOGL operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Average weekly trips Waymo | 250K+And finally, Waymo is now safely serving over 0.25 million paid passenger trips each week.Source: earnings call transcript | — | — | 400K+In December, we surpassed 20 million fully autonomous trips and are now providing more than 400,000 rides every week.Source: earnings call transcript | 500K+Waymo also surpassed 500,000 fully autonomous rides per week, doubling in less than a year.Source: earnings call transcript | — | — |
| Paid subscribers | 270M+In subscriptions, we surpassed 270 million [ subscriptions ] with YouTube and Google One as key drivers.Source: earnings call transcript | — | — | 325M+We have over 325 million paid subscriptions across consumer services with strong adoption for Google One and YouTube Premium.Source: earnings call transcript | 350MOverall, the number of paid subscriptions has now reached 350 million with YouTube and Google One being the key drivers.Source: earnings call transcript | — | — |
| Monthly active users (MAU) Gemini app | — | 450M+The Gemini app now has more than 450 million monthly active users, and we continue to see strong growth in engagement with daily requests growing over 50% from Q1.Source: earnings call transcript | 650M+The Gemini app now has over 650 million monthly active users, and queries increased by 3x from Q2.Source: earnings call transcript | 750M+And our Gemini app now has over 750 million monthly active users.Source: earnings call transcript | — | 950MNext, the Gemini app, which now has 950 million monthly active users with daily active users tripling in the last year.Source: earnings call transcript | — |
| Google Cloud backlog | — | $106BGoogle Cloud backlog increased 18% sequentially in Q2 and 38% year-over-year, reaching $106 billion at the end of the quarter.Source: earnings call transcript | $155BCloud backlog grew 46% quarter-over-quarter to $155 billion.Source: earnings call transcript | $240BGoogle Cloud's backlog increased 55% sequentially and more than doubled year-over-year, reaching $240 billion at the end of the fourth quarter.Source: earnings call transcript | $462BGoogle Cloud's backlog nearly doubled sequentially, reaching $462 billion at the end of the first quarter.Source: earnings call transcript | $514BCloud revenue grew 82% powered by strong demand for AI infrastructure and AI solutions and Cloud backlog grew to $514 billion.Source: earnings call transcript | +11.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2026 · share of revenue
- US 51% ↑ 2 pt
- EMEA 27% ↓ 2 pt
- Asia Pacific 16%
- Americas Excluding United States 6%
As GOOGL cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
750 filings between Oct 25, 2025 and Oct 13, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$132.19M
224 sales by 6 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 197
- Award — granted as compensation
- 112
- Tax withheld — shares kept back by the company to cover tax
Also filed: 162 conversions, 55 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Pichai Sundar | — | $100.69M | Mar 18, 2026 |
| WALKER JOHN KENT | — | $25.58M | Jun 29, 2026 |
| O'Toole Amie Thuener | — | $3.02M | Apr 1, 2026 |
| Hennessy John L. | — | $2.21M | Jun 15, 2026 |
| ARNOLD FRANCES | — | $393.1K | Sep 30, 2026 |
| Saraci Marsida | — | $303.0K | Jul 29, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 13, 2026 | Shriram Kavitark Ram Director | Gift | 199,100 | $0 |
| Oct 13, 2026 | Shriram Kavitark Ram Director | Gift | 197,600 | $0 |
| Oct 13, 2026 | Shriram Kavitark Ram Director | Gift | 199,100 | $0 |
| Oct 13, 2026 | Shriram Kavitark Ram Director | Gift | 86,550 | $0 |
| Oct 13, 2026 | Shriram Kavitark Ram Director | Gift | 86,550 | $0 |
| Oct 13, 2026 | Shriram Kavitark Ram Director | Gift | 197,600 | $0 |
| Oct 13, 2026 | Shriram Kavitark Ram Director | Gift | 86,550 | $0 |
| Oct 13, 2026 | Shriram Kavitark Ram Director | Gift | 86,550 | $0 |
| Sep 30, 2026 | ARNOLD FRANCES Director | Sale 10b5-1 plan | 83 | $28.3K |
| Sep 25, 2026 | WALKER JOHN KENT President, Global Affairs, CLO | Conversion | 10,631 | $0 |
| Sep 25, 2026 | Saraci Marsida VP, Chief Accounting Officer | Tax withheld | 20 | $6.8K |
| Sep 25, 2026 | Saraci Marsida VP, Chief Accounting Officer | Tax withheld | 27 | $9.2K |
| Sep 25, 2026 | WALKER JOHN KENT President, Global Affairs, CLO | Conversion | 4,258 | $0 |
| Sep 25, 2026 | WALKER JOHN KENT President, Global Affairs, CLO | Tax withheld | 1,641 | $556.3K |
| Sep 25, 2026 | Saraci Marsida VP, Chief Accounting Officer | Conversion | 19 | $0 |
| Sep 25, 2026 | Saraci Marsida VP, Chief Accounting Officer | Conversion | 487 | $0 |
| Sep 25, 2026 | Saraci Marsida VP, Chief Accounting Officer | Conversion | 69 | $0 |
| Sep 25, 2026 | Porat Ruth President and CIO | Tax withheld | 4,297 | $1.46M |
| Sep 25, 2026 | Porat Ruth President and CIO | Conversion | 4,747 | $0 |
| Sep 25, 2026 | Porat Ruth President and CIO | Conversion | 1,626 | $0 |
| Sep 25, 2026 | Saraci Marsida VP, Chief Accounting Officer | Conversion | 121 | $0 |
| Sep 25, 2026 | Saraci Marsida VP, Chief Accounting Officer | Tax withheld | 102 | $34.6K |
| Sep 25, 2026 | Saraci Marsida VP, Chief Accounting Officer | Tax withheld | 106 | $35.9K |
| Sep 25, 2026 | Saraci Marsida VP, Chief Accounting Officer | Tax withheld | 27 | $9.2K |
| Sep 25, 2026 | Saraci Marsida VP, Chief Accounting Officer | Tax withheld | 19 | $6.4K |
| Sep 25, 2026 | Saraci Marsida VP, Chief Accounting Officer | Conversion | 19 | $0 |
| Sep 25, 2026 | WALKER JOHN KENT President, Global Affairs, CLO | Conversion | 4,747 | $0 |
| Sep 25, 2026 | WALKER JOHN KENT President, Global Affairs, CLO | Tax withheld | 4,791 | $1.62M |
| Sep 25, 2026 | WALKER JOHN KENT President, Global Affairs, CLO | Tax withheld | 4,297 | $1.46M |
| Sep 25, 2026 | WALKER JOHN KENT President, Global Affairs, CLO | Conversion | 1,626 | $0 |
| Sep 25, 2026 | Saraci Marsida VP, Chief Accounting Officer | Tax withheld | 69 | $23.4K |
| Sep 25, 2026 | Ashkenazi Anat SVP, Chief Financial Officer | Conversion | 4,258 | $0 |
| Sep 25, 2026 | Pichai Sundar Chief Executive Officer | Tax withheld | 3,705 | $1.26M |
| Sep 25, 2026 | Pichai Sundar Chief Executive Officer | Conversion | 3,671 | $0 |
| Sep 25, 2026 | Pichai Sundar Chief Executive Officer | Conversion | 3,671 | $0 |
| Sep 25, 2026 | Ashkenazi Anat SVP, Chief Financial Officer | Tax withheld | 4,297 | $1.46M |
| Sep 25, 2026 | Ashkenazi Anat SVP, Chief Financial Officer | Conversion | 4,131 | $0 |
| Sep 25, 2026 | Ashkenazi Anat SVP, Chief Financial Officer | Tax withheld | 4,169 | $1.41M |
| Sep 25, 2026 | Ashkenazi Anat SVP, Chief Financial Officer | Tax withheld | 1,781 | $603.8K |
| Sep 25, 2026 | Ashkenazi Anat SVP, Chief Financial Officer | Conversion | 10,154 | $0 |
| Sep 25, 2026 | Porat Ruth President and CIO | Tax withheld | 4,791 | $1.62M |
| Sep 25, 2026 | Porat Ruth President and CIO | Conversion | 4,258 | $0 |
| Sep 25, 2026 | Porat Ruth President and CIO | Tax withheld | 1,641 | $556.3K |
| Sep 25, 2026 | Porat Ruth President and CIO | Conversion | 10,631 | $0 |
| Sep 25, 2026 | Saraci Marsida VP, Chief Accounting Officer | Tax withheld | 122 | $41.4K |
| Sep 25, 2026 | Saraci Marsida VP, Chief Accounting Officer | Conversion | 101 | $0 |
| Sep 25, 2026 | Schindler Philipp SVP, Chief Business Officer | Conversion | 1,997 | $0 |
| Sep 25, 2026 | Saraci Marsida VP, Chief Accounting Officer | Conversion | 27 | $0 |
| Sep 25, 2026 | Saraci Marsida VP, Chief Accounting Officer | Conversion | 26 | $0 |
| Sep 25, 2026 | Schindler Philipp SVP, Chief Business Officer | Tax withheld | 5,429 | $1.84M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for Alphabet Inc.
Free account. Everything above stays public.
Write why you follow Alphabet Inc. and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Other companies in Communication Services
Nearest to Alphabet by market cap among the sector's top 20 companies at Q2 2026.