Alphabet Reports Record Cloud Growth but Faces Rising Capital Expenditures
In Q2, Alphabet reported a significant surge in Google Cloud revenue and operating income, with an 82% year-over-year increase to $24.8 billion. However, the company's capital expenditures (CapEx) plan of $205B led to its first-ever quarterly negative free cash flow. The cloud backlog now stands at $514B, indicating strong demand.
Topics: AI Capital Expenditures (CapEx) Free Cash Flow Google Cloud