Alphabet posts $98B in investment gains, cloud backlog tops $514B

Alphabet reported Q2 2026 revenue of $119.8 billion, with cloud beating estimates but search slightly missing. The company posted $98 billion in investment gains and a cloud services backlog of $514 billion, signaling robust AI demand.

• Google Says Cloud Services Backlog Expands to $514 Billion
• Alphabet Posts $98 Billion in Second-Quarter Investment Gains
• Alphabet Posts Cloud Sales Beat, Slight Miss on Search Revenue
• Alphabet posted 24% revenue growth as Google Cloud surged 82% in the second quarter
• Alphabet reports Q2 2026 revenue of $119.8 billion