Alphabet reports second-quarter financial results after market close on July 22, 2026.
Investors seek evidence that massive artificial intelligence investments are driving growth. Analysts forecast total year-over-year revenue growth between 21% and 24%.
Google Cloud revenue may increase by 67% to 70% due to AI infrastructure demand. The report tests Alphabet’s decision to halt its stock buyback program for the first time in a decade.
The company is redirecting that capital toward its artificial intelligence buildout. Options markets price in a potential stock move exceeding 5% following the release.