Alphabet to Report Q2 Earnings on July 22; GCP Revenue Expected Up 64% YoY

According to Yahoo Finance, Alphabet will release its second-quarter earnings report on July 22 (U.S. time), with Wall Street expecting revenue of $116.98 billion and earnings per share of $2.95. Google Cloud Platform (GCP) revenue is forecast at $22.4 billion, marking a 64% increase compared to $13.6 billion in the same quarter last year. Remaining performance obligations (RPO) are projected to exceed $488.1 billion, up 351% year-over-year. Investors are closely watching whether major hyperscalers can monetize their substantial AI investments, as companies continue facing significant costs for data centers and semiconductors.
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