Google (Alphabet) Reports Q2 Earnings, Increases AI Infrastructure Spending Guidance

Google's parent company, Alphabet, reported that it burned through nearly $6 billion in the second quarter due to significant spending on AI infrastructure. The company increased its capital expenditure guidance for 2026 to $195 billion-$205 billion. Despite this, Google's cloud unit achieved 82% growth, and total revenue reached $120 billion, surpassing analysts' estimates.