Alphabet Inc. (GOOGL) is scheduled to report its second-quarter 2026 earnings on July 22. The Zacks Consensus Estimate anticipates earnings of $2.86 per share, reflecting a 23.81% increase year-over-year, and revenues of $101.22 billion, indicating a 23.86% growth from the previous year.
In its first quarter of 2026, Alphabet’s Cloud revenue surged 63% year-over-year to $20 billion, driven by strong demand for AI solutions. Additionally, Google Search revenues increased by 19%, benefiting from improved engagement through AI technologies, including the Gemini models. However, a decline in Google Network advertising, which saw a 4% year-over-year decrease, may impact overall profitability.
Alphabet’s stock has risen 13.3% year-to-date, underperforming the broader Zacks Computer & Technology sector’s 16.6% growth. The company is currently trading at a forward price/sales ratio of 9.04, significantly higher than the sector average of 6.88. The upcoming earnings report is anticipated to reflect both robust AI adoption and continued investments in infrastructure.
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