Google Ups Capex Guidance to At Least $180B as AI Spending Balloons

America post Staff
1 Min Read


The numbers

$119.8 billion: Alphabet’s Q2 revenue, up 24% year-over-year (YoY), and outpacing analyst projections of $116.9 billion. 

$94.5 billion: Revenues from Google Services, which includes advertising, subscriptions, digital content, and hardware, up 15% YoY.

$24.8 billion: Google Cloud revenue, up 82% YoY thanks to its enterprise AI solutions and enterprise AI infrastructure businesses, and above analyst estimates of $22.46 billion.

34%: Alphabet’s operating margin, up 2%.

$9.11: Earnings per share, representing a 294% increase over the same period last year.

22 billion: Number of API tokens processed per minute by Gemini.

950 million: Monthly active users of the Gemini app.

Share This Article
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *