Alphabet's Google Cloud Revenue Grows 82% YoY with $514 Billion Backlog
During Alphabet’s Q2 earnings call on July 22, 2026, CEO Sundar Pichai reported that Google Cloud revenue grew by 82% year over year and its backlog reached $514 billion. This figure exceeds the company's trailing twelve months (TTM) total revenue of $446 billion as of June 30, 2026. Despite this impressive growth in cloud services, Search remains Alphabet’s primary source of income, contributing 55% of its TTM revenue with a 17% year-over-year increase. Google Cloud currently accounts for only 17% of total TTM revenue but is growing at an accelerated pace and has achieved a 35% operating margin in the latest quarter. Pichai emphasized that both Search and Cloud have substantial growth potential, particularly with AI integration enhancing user engagement across services. While Search will remain central to Alphabet’s financials for several more years, Google Cloud appears poised to become its largest long-term revenue driver as enterprise cloud adoption continues.
Topics: Alphabet Earnings Call Google Cloud Revenue Growth Search Business