Alphabet Inc Class CGOOG
▲ PositiveCapitalrelevance
Net profit surged ~4x due to $99B gain from SpaceX equity holdings, setting a record.
Alphabet, the parent company of Google, reported net profit for the April–June 2026 quarter of 112.107 billion dollars, or roughly 18.29 trillion yen, about four times the year-earlier figure, setting a new quarterly record. Revenue rose 24 percent to 119.796 billion dollars, or about 19.54 trillion yen. The sharp increase in net profit was mainly due to a 99.031 billion dollar gain from valuation of equity holdings, and US media reports point to the impact of the June listing of SpaceX shares held by the company.
Alphabet Inc Class CNet profit surged ~4x due to $99B gain from SpaceX equity holdings, setting a record.
Space Exploration Technologies Corp. Class A Common StockSpaceX shares listed in June, driving valuation gain for Alphabet; positive for SpaceX's own valuation.