11:46 - 23.07.2026

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July 23, Fineko/abc.az. Google's parent company, Alphabet, has released the financial results for the 2nd quarter of 2026.

Company's earnings grew by 24% year-on-year, reaching $119.8 bn and its net income by 298% up to $112.1 bn.

Amid high demand for AI technologies, Google Cloud revenues jumped 82% (up to $24.8 bn), and the number of active users of the Gemini app per month reached 950 million.

At the same time, an unexpected rise in company's capital expenditure forecast up to $200 bn caused Alphabet's stock to fall almost by 5% in the post-market.