Google Cloud Backlog Soars to $514 Billion Amidst 82% Revenue Growth, Driven by AI Demand

Alphabet's Google Cloud reported an 82% year-over-year revenue increase in Q2 2026, with its backlog reaching a staggering $514 billion. CEO Sundar Pichai highlighted that both consumer services and Cloud are in the early stages of an AI-driven shift, positioning Google Cloud as a major long-term growth engine, fueled by surging demand for cloud computing and AI infrastructure.