Alphabet releases its second-quarter 2026 earnings report on July 22. Wall Street analysts project revenues of approximately $117 billion. Consensus estimates place earnings per share at roughly $2.90.
The report serves as a benchmark for Alphabet’s progress in the artificial intelligence sector. Investors are monitoring Google Cloud’s growth rate. Capital expenditure guidance is expected to rise significantly to fund AI infrastructure.
Alphabet faces a finalized €4.1 billion EU antitrust fine. Internal reports indicate delays for the Gemini 3.5 Pro AI model.