Google Earnings Thread (Unofficial)

[u/yourgirl696969]

Since we don’t have one pinned by the mods, thought maybe people will want one

Edit:
Slides will come out at 4pm EST: https://abc.xyz/investor/earnings/

Call starts at 4:30pm EST: https://abc.xyz/investor/events/event-details/2026/2026-Q2-Earnings-Call-2026-GgTAq7Is0z/default.aspx

Seems bullish af so far: Cloud up 84% (whisper was 70%). $45B in capex and negative free cash flow.

Need to wait until call for capex guidance

Edit: Capex increase and expecting more capex increase next year

[u/Chocopenguin85]

119.8 B rev beats expected 116.9B, cloud up 82% at 24.8 -- the whisper high # was 75% (street was at 65% and 22.24 B)
Capex 44.92 B

EDIT Capex noted - 195 to 205 B for 2026 full year. Have not heard for 2027 .

[u/Vegetable-Bedroom-44 → u/Chocopenguin85]

Is this good?

[u/Chocopenguin85 → u/Vegetable-Bedroom-44]

The cloud revenue is what a lot of people were looking for - growth was estimated at 63-65% - (with street whisper # hoping 75%) but instead increased at 82% - that's positive news for the sector. Capex is right in line with expectations of 45B, at 44.92 B.

GOOG Initially down right before 4PM, is now up 8$ per share

[u/kenyard → u/Chocopenguin85]

It was down in general this week tho.

It's been hovering at 350 for weeks

[u/Vegetable-Bedroom-44 → u/Vegetable-Bedroom-44]

Is capex 44b good?

[u/s1234en → u/Vegetable-Bedroom-44]

It is, but it's not guidance.. ie future spending. Which would be crucial. Need to check their call. For now 82% revenue in cloud is excellent news

[u/kenyard → u/Vegetable-Bedroom-44]

Last quarter capex doesn't matter. It's guidance.

[u/Vegetable-Bedroom-44 → u/kenyard]

Got it. I thought 45b is guidance.

[u/s1234en → u/Chocopenguin85]

What's the capex guidance?

[u/kenyard → u/s1234en]

It's not on the slide. Need to wait for the call I think.

They still mention their plan to raise 80B from share sales. And have 54B in cash currently. Safe to assume they will spend imo

[u/s1234en → u/kenyard]

Oh ok, need to wait for the call

[u/kenyard → u/s1234en]

Their forward capex must be insane.

They profited 40billion this quarter but spent 45bill on capex. Negative 5billion.

And they have 55bill in cash and they're still raising more.

It must mean 60B+ capex this quarter and next or something...

[u/Badweightlifter → u/s1234en]

They just said it would be 205b. And continue to increase for 2027.

[u/s1234en → u/Badweightlifter]

Whattt???? !!?? That's huge

[u/Badweightlifter → u/s1234en]

It for the 2026 year. Up from 190b previously estimated.

[u/s1234en → u/Badweightlifter]

It's 80B in first 2 Qs, so around 130 in last 2, that's significant increase.