- Google reported Q2 2026 revenue of $119.8 billion, surpassing analyst expectations.
- Search revenue was $63.3 billion, while Google Cloud grew 23.8% to $24.8 billion.
- YouTube ads earned $11.1 billion, up 12% from last quarter.
- Operating cash flow was $39.1 billion, but AI infrastructure spending hit $44.9 billion, leading to negative free cash flow of -$5.8 billion.
- Google now plans to spend up to $205 billion on capex in 2026, up from $91 billion in 2025.