Alphabet Reports Q2 Earnings; Google Cloud Revenue Seen Rising 65% to $22.4B on July 22

According to Bloomberg, Alphabet is set to report second-quarter earnings on July 22, with Google Cloud revenue expected to grow 65% year-over-year to $22.4 billion. The company's overall revenue and net income are forecast to rise approximately 25% from the prior year, marking a key test of whether massive artificial intelligence infrastructure investments are generating returns.

Alphabet previously guided for 2026 capital expenditures of up to $190 billion, with 2027 spending projected to increase significantly. Bloomberg consensus estimates place 2027 capex at $262 billion, nearly three times 2025 levels, making accelerating cloud growth critical to justify the expanded investment.