Alphabet Q2 revenue beats estimates, stock dips on capex forecast

alphabet-q2-revenue-beats-estimates,-stock-dips-on-capex-forecast

Quarterly results

  • Earnings per share: $2.85 adj. vs $2.89 expected
  • Revenue: $119.80B vs $116.93B expected

Capital expenditures

Alphabet raised its full-year capex guidance to $195–205B from $180–190B, reflecting heavy investment in AI infrastructure.

Artificial intelligence growth

  • Gemini App: 950M monthly active users
  • Processing: 22B tokens per minute
  • Competing with Anthropic and OpenAI

Management comments

Finance chief Anat Ashkenazi highlighted strong demand amid supply constraints. CEO Sundar Pichai emphasized scaling the business and executing on AI and Waymo initiatives.