Alphabet Posts $112 Billion Profit Boosted by SpaceX Investment Gain

Earnings Impact 4
โดย The Motley Fool·US·Read original
Summary · why it matters

Alphabet reported a record $112 billion in net income for the second quarter, but the figure includes a massive unrealized gain from its early investment in SpaceX. The company's SpaceX stake was valued at $94.1 billion as of June 30, accounting for the majority of a $99 billion net gain on securities. Excluding investment gains, Alphabet's operating income rose 30% year over year, driven by strong performance in Google Cloud, which saw revenue jump 82% and posted an operating margin of 35.6%. However, since the quarter ended, SpaceX's stock has declined over 30%, which could negatively impact Alphabet's net income in the third quarter.

Impact on stocks 2

Artificial Intelligence▲ · 1 stocks
Alphabet Inc Class C
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Record $112B net income boosted by SpaceX investment gain, though operating income rose 30%.

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Theme Impact 3

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