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Alphabet reports 12th straight quarter of strong revenue growth

Alphabet posted second-quarter earnings of $9.11 per share and revenue of $119.8bn, while raising its AI-driven spending outlook with a revised $200bn yearly capex forecast.

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Alphabet, the parent of Google, reported double-digit revenue growth for its second-quarter earnings on Wednesday, marking its 12th consecutive quarter of revenue increases.

According to The Guardian Business, Alphabet’s results beat Wall Street expectations, with earnings per share of $9.11 and revenue of $119.8bn, and the company also surpassed revenue forecasting.

The article says Alphabet’s AI spending continues to be a key investor focus, including how spending is affecting its bottom line and its long-term plans to sustain the investment cycle.

It also notes Alphabet revised its yearly capital expenditure forecast to $200bn, with quarterly spending growing 100% year over year, alongside ongoing updates and delays tied to its Gemini Pro model.

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