Google parent Alphabet posts 24% revenue growth on AI demand; capital expenditure doubles to $44.9 billion

Alphabet posted a strong Q2 2026, with revenue up 24% and operating profit up 30% on surging AI demand.

Google Cloud was the standout, with revenue jumping 82%, while Gemini usage expansion and higher search ad sales also lifted results.

The company doubled capital spending to $44.9 billion, signaling a major push into data centers and AI infrastructure.

The results highlight how AI services are reshaping Alphabet’s growth, investment plans, and competition across search and cloud.