Alphabet Inc. (GOOGL) will report its Q2 earnings on July 22, 2023, after market close. Analysts project earnings of approximately $2.90 per share on revenues of $101.22 billion, including Traffic Acquisition Costs, indicating a year-over-year growth of about 24% in both metrics.
Key performance indicators to watch include Google Search and YouTube advertising revenue, Google Cloud growth—which is expected to rise 67% to $22.79 billion—and overall operating margins. Alphabet’s capital expenditures significantly surged by 107% year-over-year to $35.7 billion in Q1, primarily focused on AI infrastructure.
The market anticipates that positive Q2 results and robust commentary on AI investments will have widespread implications for the tech sector, potentially influencing upcoming earnings reports from other major players like Microsoft, Amazon, and Meta.
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