From BigGo Finance · BigGo Finance · · 1m 20s
Alphabet's Earnings Hinge on Google Cloud Growth
Google Cloud's 82% revenue jump could reshape Alphabet's Oct 28 earnings report.
In brief
Google Cloud's 82% revenue jump could reshape Alphabet's Oct 28 earnings report. Alphabet's Oct 28 earnings report may hinge on Google Cloud's 82% quarterly revenue growth, accelerating past Microsoft Azure and AWS. Originally reported by BigGo Finance.
Alphabet's earnings report
Alphabet reports third-quarter results on Oct 28 with its stock up about 7% this year.
Google Cloud revenue growth
Google Cloud revenue grew 82% in the second quarter to $24.8 billion.
Cloud operating margin
Cloud operating margin rose to 35.6% from 20.7% in the previous quarter.
Cloud backlog growth
Cloud backlog reached $514 billion, up more than $50 billion in the quarter.
Capital expenditure plan
Alphabet raised 2026 capital expenditure guidance to $195 billion-$205 billion.
Quantum AI breakthrough
Google Quantum AI disclosed Willow processor error-correction advance on Oct 15.
TPU sales pipeline
Alphabet began selling Tensor Processing Units to customers in the second quarter.
Cloud market share
Synergy Research Group reported Google Cloud's 15% global share in cloud infrastructure spending.
Quantum competitors
IonQ and Rigetti Computing have not yet achieved profitability in quantum computing.
Earnings impact
Capital spending pushed second-quarter free cash flow to negative $5.9 billion.
The headline
Alphabet's Oct 28 earnings report may hinge on Google Cloud's 82% quarterly revenue growth, accelerating past Microsoft Azure and AWS.
