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Alphabet Revenue Surges 24% on Strong Demand for AI Infrastructure

Guavy AI Editorial Team
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GOOGL
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Alphabet's second-quarter revenue grew by 24% year-over-year, driven by strong demand for AI infrastructure and AI solutions.

The company reported significant growth in Google Cloud (82%), Search and Other (17%), and YouTube ads (13%).

Google Cloud's backlog reached $514 billion, reflecting the growing demand for enterprise AI solutions. Nearly 90% of the Fortune 100 companies are using Gemini Enterprise.

Alphabet's free cash flow was negative $5.9 billion due to significant capital expenditures aimed at supporting AI infrastructure and management expects increased CapEx in 2026 and 2027 to meet growing demand.

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