United States · Business news · AI & Tech · 23 Jul 2026
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AI: Cloud and data centres · Chips and hardware · Alphabet (Google) — more AI news
Alphabet reported revenue of $119.8 billion for the three months to June, up 24% from $96.4 billion a year earlier. Google Cloud revenue climbed 82% to $24.8 billion and its operating income more than tripled to $8.8 billion, with the cloud backlog at $514 billion. Quarterly capital expenditure roughly doubled from a year earlier to $44.9 billion, and the company raised its full-year capex guidance to as much as $205 billion from a prior range of $180 billion to $190 billion. Free cash flow was negative $5.9 billion.
Alphabet's capex guidance of up to $205 billion for 2026 is money paid largely to chip, server, networking and construction suppliers, and the $44.9 billion spent in one quarter was enough to turn free cash flow to negative $5.9 billion. On the earning side, Google Cloud's $24.8 billion of quarterly revenue and $514 billion backlog show enterprise customers committing to multi-year AI and cloud contracts, in direct competition with Microsoft Azure and Amazon Web Services.
Reported by The Next Web — “Alphabet lifts capex guide to $205bn as Google Cloud jumps 82%” ↗ on 23 Jul 2026.
Official series on 23 Jul 2026 or the last day before it, and the latest observation.
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