Alphabet reports 12th straight quarter of double-digit revenue growth

Earnings Impact 4
โดย Yahoo Finance·Read original
Summary · why it matters

Alphabet reported second-quarter earnings of $9.11 per share on revenue of $119.8 billion, beating Wall Street expectations and marking its 12th consecutive quarter of double-digit revenue gains. The results arrive as investors scrutinize the company's heavy AI spending and its ability to sustain those investments amid intensifying competition. CEO Sundar Pichai said AI investments are redefining every part of the business, while the company also introduced three cheaper Gemini models, including a cybersecurity-focused version available only to governments and trusted partners. The earnings come as Google faces pressure from rivals like OpenAI and Anthropic, as well as cheaper Chinese models such as Alibaba's Qwen and Moonshot's Kimi K3.

Impact on stocks 3

Artificial Intelligence± Mixed · 3 stocks
Alphabet Inc Class C
GOOG
▲ PositiveCapitalrelevance

Beat earnings expectations with 12th straight quarter of double-digit revenue growth

Theme Impact 3

Off-coverage companies 2

AnthropicPrivate▼ Negative
Competitionrelevance

Mentioned as a rival pressuring Google

OpenAIPrivate▼ Negative
Competitionrelevance

Mentioned as a rival pressuring Google

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