Alphabet Reports Record Quarterly Profit Driven by Gains on Investments in AI Companies
Alphabet reported its highest quarterly profit ever, reaching $112.1 billion for Q2 2026, driven largely by a $99 billion gain from unrealized and realized equity securities gains, primarily from investments in Anthropic and SpaceX. The Google Cloud business also saw an impressive 82% growth.
Topics: AI investments Alphabet Anthropic Google Q2 earnings SpaceX