- AI Overviews reached more than 2.5 billion monthly users and AI Mode exceeded 1 billion monthly active users in Q2, expanding Alphabet's AI distribution across Search.
- Google advertising revenue rose 14% year over year to $81.63 billion in Q2, led by Search revenue of $63.27 billion, up 16.7%.
- Google Cloud revenue increased 82% to $24.8 billion and backlog reached $514 billion, supporting Alphabet's accelerated AI infrastructure buildout.
- Q2 capital expenditures totaled $44.9 billion, producing negative free cash flow of $5.9 billion; a separate report said Alphabet raised 2026 capex guidance to $195 billion-$205 billion.
Quotes
“We continue to make Search more helpful and intuitive. We recently brought together AI Overviews and AI Mode into one seamless Search experience that combines our frontier capabilities with the best of the web.”