Alphabet and Amazon investment gains boost Q2 profits

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Alphabet and Amazon reported roughly $121 billion in combined 'other income' from investment gains in Q2, comprising nearly all of their quarterly profits, highlighting a surge in one-time gains that inflated earnings.

Equity-stake gains inflate Amazon and Alphabet Q2 profit figures

A Wall Street Journal analysis has calculated that Amazon and Alphabet together recorded roughly $121 billion in after-tax "other income" in the second quarter, almost all of it from mark-to-market gains on equity investments. Alphabet's…

2026-08-14 · 4 MIN READ

Cloud revenue surge gives Wall Street answer on AI returns

Amazon, Microsoft and Alphabet reported surging cloud-computing revenue in recent quarterly results, giving investors a clearer picture of how the tech giants plan to generate returns from their massive artificial-intelligence spending.…

2026-08-01 · 4 MIN READ

Alphabet reports $112.11 billion Q2 profit; revenue tops forecasts

Alphabet Inc. reported a second-quarter profit of $112.11 billion on Wednesday, up sharply from a year earlier, as revenue rose 24% to $119.8 billion and surpassed analyst estimates.

2026-07-22 · 3 MIN READ

Alphabet posts negative free cash flow as AI capex heads to $205bn

Alphabet reported negative free cash flow of $5.9 billion for the second quarter, the first time the figure has been negative since the company went public, with capital expenditures that Google's chief financial officer said were essentially all related to AI spending.
The company raised its full-year capital spending projection to as much as $205 billion, up from a prior estimate of $190 billion, while second-quarter capital spending reached $45 billion.
Alphabet's quarterly revenue rose 23% year over year to $119.8 billion, but the company's stock fell about 4% in after-hours trading.
Tesla also reported negative free cash flow of $1.1 billion for the second quarter, its first in two years, and said it could spend up to $25 billion this year.

2026-07-23 · 3 MIN READ