**GOOGL Q2 2026 (Apr - Jun 2026) Quarterly Results:**
Revenue = $119.8 billion (up 24% YoY)
* Ads = $81.6 billion (up 14% YoY)
* Cloud = $24.8 billion (up 82% YoY) [Includes the sale of TPUs for the first time]
* Subscriptions = $12.9 billion (up 15% YoY)
* Other Bets = $0.4 billion (up 2% YoY)
Operating Income = $40.8 billion (up 30% YoY)
Net Income = $112.1 billion (up 398% YoY) [Includes $98 billion other income (net gain from equity)]
Earnings Per Share = $9.11 (up 394% YoY)
Revenue Backlog = $519 billion (up 13% QoQ) [Includes $514 for Google Cloud]
Stakeholder Equity = $640.5 billion (up 76% YoY)
Capital Expenditure = $44.9 billion (up 100% YoY)
* 2026 CapEx guidance: upgraded from $180-$190b to $195-$205b.
* 2027 CapEx guidance: "to increase significantly"
TTM Free Cash Flow = $53.3 billion (down 20% YoY)
* FCF guidance: "will remain under pressure by our investments in technical infrastructure"
Gemini models: 22 billion API tokens per minute (up 37% QoQ)
Gemini App: 950 million active users per month
Quarterly Dividend = $0.22 per share (unchanged QoQ)
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Return On Invested Capital = 33%
Calculation: *ROIC = Net Operating Profit after Tax / Invested Capital = (Annualised Operating Income x (1 - Tax percentage)) / (Stakeholder Equity - Cash and short term investments) = (4 x 40.8 x (1 - 0.191)) / (640.5 - 242.5) = 132/398 = 33%*
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**GOOGL News Updates: Apr - Jun 2026:**
Added to Dow Jones Industrial Average.
HSBC partnered with Google Cloud to expand AI usage.
Increased the size of its equity capital raise to $84.75 billion to expand AI infrastructure.
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Position: Long GOOGL (since 2021). NFA.