Alphabet on Wednesday cited massive demand for its cloud computing services as it hiked its capital spending plans for the year to about $85 billion and predicted a further increase next year. The sea

Google's parent company reports earnings after the close. Here's a look at Q2 2025 earnings for Alphabet- google's parent company.

Most leaders in the tech industry owe their wealth to founding equity stakes in their platforms, which Google’s Sundar Pichai does not have.

(Reuters) -Alphabet beat Wall Street estimates for quarterly revenue on Wednesday on the back of new AI features and a steady digital advertising market, and said it would boost its capital spending plans for the year to about $85 billion.

Wednesday’s report follows Alphabet’s better-than-expected Q1 release earlier this year, in which the company reported year-over-year growth of 12% and 49% for its top and bottom lines, respectively, after Google’s search unit generated more in sales than analysts projected.

The company’s revenue grew 14 per cent year-over-year to $96.4 billion, largely fueled by strong Google Cloud sales. The cloud division proved to be a major driver of growth, with revenue increasing 32 per cent from the previous year to $13.

Alphabet shares rose more than 3% in early trading on Thursday as the Google parent's earnings underscored a key message to investors: AI spending is climbing, but so are the returns.

Many of Pichai's recent sales were made under a regulatory filing which allows stock sales to be set up in advance by officers of publicly-listed companies to avoid any accusations of inside trading.

Alphabet’s second-quarter profit of $28.2 billion — on $96.4 billion in revenue — came with word that the tech giant will invest more than its previously planned $85 billion on capital expenditure, as it spends heavily on AI infrastructure to meet growing demand for cloud services.

Alphabet stock trades nearly flat year-to-date in 2025. A strong Q2 report could see shares trade higher and closer to all-time highs.

Google parent Alphabet ( NASDAQ: GOOG) ( NASDAQ: GOOGL) reported second-quarter earnings on Wednesday after the bell that beat expectations easily, with another double-digit gain for revenues — and featured a sharp increase to its spending forecast.

The S&P 500 and the Nasdaq notched record high closes on Thursday as robust results from Google parent Alphabet fueled optimism about other heavyweight artificial intelligence stocks, while Tesla slumped after the electric vehicle maker's results disappointed investors.