Google’s Q2 earnings of $112.11B beat Wall Street’s expectations on AI boom

Advertisement

Advertise with us

Google parent company Alphabet Inc. posted stronger-than-expected results for its second quarter, a sign that it's massive artificial intelligence spending spree is paying off so far and advertising revenue is coming in strong.

Read this article for free:


or

Already have an account? Log in here »

To continue reading, please subscribe:

Subscribe and receive a limited-edition Free Press branded hat or tote.

Digital Subscription

One year of digital access for only $205*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles

*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.

To continue reading, please subscribe:

Add Free Press access to your Brandon Sun subscription for only an additional

$1 for the first 4 weeks*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles
Start now

*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.

Google parent company Alphabet Inc. posted stronger-than-expected results for its second quarter, a sign that it’s massive artificial intelligence spending spree is paying off so far and advertising revenue is coming in strong.

The Mountain View, California-based company said Wednesday it earned $112.11 billion, or $9.11 per share, in the April-June period. That’s up from $28.2 billion, or $2.31 per share, in the same period a year earlier.

Revenue grew 24% to $119.8 billion from $96.43 billion.

FILE - A woman walks by a giant screen displaying the Google logo at an event at the Paris Google Lab on the sidelines of the AI Action Summit in Paris, Feb. 9, 2025. (AP Photo/Thibault Camus, File)
FILE - A woman walks by a giant screen displaying the Google logo at an event at the Paris Google Lab on the sidelines of the AI Action Summit in Paris, Feb. 9, 2025. (AP Photo/Thibault Camus, File)

Analysts, on average, were expecting revenue of $117.06 billion, according to a poll by FactSet. Google did not disclose an adjusted earnings figure that’s comparable to analysts’ expectations, which was $2.88 per share. Google saw a net gain of $98 billion, mainly as a result of gains on its equity investments — mostly in SpaceX, which went public in June.

“Our AI investments are redefining what’s possible across every part of our business,” said CEO Sundar Pichai in a statement.

Emarketer analyst Nate Elliott called the results “impressive,” especially in regards to AI.

“On the consumer side, Gemini is now within a whisker of becoming Google’s third different 1 billion-user consumer AI product, alongside AI Overviews and AI Mode,” he said. “On the enterprise side, AI demand is driving enormous growth in the cloud business. And continued strong growth in search advertising backs up Google’s claim that AI is additive to search, not a replacement.”

As usual, digital ads fueled by Google’s dominant search engine propelled the quarter’s revenue growth, boosted by World Cup advertising, especially on YouTube.

The tech giant also saw strong growth in its cloud business, boosted by its AI portfolio consisting of chips, models, data, security, and agent platforms.

Alphabet’s shares climbed $2.71 to $344.62 in after-hours trading.

Report Error Submit a Tip

More Stories

Hydro reports $446-M loss in 2025-26, points to fourth drought year in past five

Scott Billeck 3 minute read Preview

Hydro reports $446-M loss in 2025-26, points to fourth drought year in past five

Scott Billeck 3 minute read 6:38 PM CDT

Manitoba Hydro posted a $446-million loss in 2025-26, as drought conditions slashed hydroelectric generation, forcing the Crown corporation to buy more power while leaving it with less electricity to sell outside the province.

The loss was $666 million worse than the $220-million profit Hydro had budgeted. The utility posted a $63-million loss the previous year, according to the utility’s annual report released Tuesday.

Hydro said the 2025-26 fiscal year, which ended on March 31, marked its fourth low-water year in the past five years, among the worst stretches of water-flow conditions in its recorded history.

Hydroelectric generation fell 23 per cent to 24 billion kilowatt-hours from 31 billion the previous year, leaving Hydro a net importer of electricity.

Read
6:38 PM CDT

Teacher barred for ‘repeated boundary-crossing conduct’

Maggie Macintosh 3 minute read Yesterday at 11:01 PM CDT

A disciplinary panel has ordered the cancellation of a Chinese-Canadian teacher’s certificate because of her “repeated boundary-crossing with a student” during her tenure at an international school with local ties.

Janice Wen Ying Ma is permanently barred from teaching on Manitoba soil or at a Manitoba-accredited institution as of Sept. 14.

The new ruling concludes that Ma engaged in inappropriate physical interaction and “emotionally intimate online messages” with a girl who attended Clifford International School in Guangzhou, China in 2024-25.

“This conduct represents a fundamental departure from the standards expected of a teacher,” the panel, chaired by public representative Gordon Schumacher, wrote in its 22-page decision.

Orange Shirt Day project fits students to a tee

Maggie Macintosh 5 minute read Preview

Orange Shirt Day project fits students to a tee

Maggie Macintosh 5 minute read Yesterday at 6:57 PM CDT

On the eve of Orange Shirt Day, hundreds of black T-shirts will be handed out to teenagers at Elmwood High School — and there wasn’t a mixup in the clothing procurement process.

The student-run business behind the initiative wanted to make a statement about “truth and reconciliation” being a year-round activity, said Daniel Concepcion, a Grade 12 student.

Daniel said given that black is a staple in the wardrobe of teenagers, he hopes these shirts won’t sit on hangers for 364 days of the year.

“Every child matters, every part of the day, every day,” the 17-year-old said.

Read
Yesterday at 6:57 PM CDT

Jets pick up netminder as relatively new 23-man roster announced

Mike McIntyre 7 minute read Preview

Jets pick up netminder as relatively new 23-man roster announced

Mike McIntyre 7 minute read Updated: Yesterday at 9:25 PM CDT

Let’s get the caveats out of the way: Nothing is set in stone, nor written in permanent ink, and what you see right now could change in the blink of an eye.

With that being said, allow us to introduce you to the 2026-27 Winnipeg Jets — where change is very much in the air.

The 23-man roster submitted to the NHL offices by Monday’s 4 p.m. deadline includes seven players who were not on the team at this time last year. In fact, there could be as many as 10 new faces in the opening-night lineup on Friday against Boston when you factor in three regulars didn’t start the 2025-26 campaign due to injury.

That’s a lot of turnover, which isn’t surprising for a team that finished 26th overall in the standings and was — to most fans and pundits — too old and too slow.

Read
Updated: Yesterday at 9:25 PM CDT

Khan cites infighting, quits as Tory leader

Carol Sanders 5 minute read Preview

Khan cites infighting, quits as Tory leader

Carol Sanders 5 minute read Updated: 9:56 AM CDT

Manitoba’s Leader of the Opposition is stepping down.

Progressive Conservative Leader Obby Khan announced late Monday afternoon he is quitting caucus and will sit in the legislature as an independent MLA, effective today.

He cited internal party fighting for his decision.

The former Winnipeg Blue Bombers offensive lineman survived a caucus confidence vote Friday. He said there were 13 votes for him to remain and six against, with one person absent.

Read
Updated: 9:56 AM CDT

What’s open, what’s closed, what’s up in Winnipeg on National Day for Truth and Reconciliation Sept. 30, 2026

Free Press staff 4 minute read Preview

What’s open, what’s closed, what’s up in Winnipeg on National Day for Truth and Reconciliation Sept. 30, 2026

Free Press staff 4 minute read Sunday, Sep. 27, 2026

The National Day of Truth and Reconciliation, or Orange Shirt Day, as it's known in Manitoba, happens Sept. 30 with many commemorative community events scheduled.

Read
Sunday, Sep. 27, 2026