Google Cloud Q2 Revenue Hits $24.8B, Surges 82% YoY, Exceeding Wall Street Estimates

According to BlockBeats, Google Cloud's Q2 revenue reached $24.8 billion, up 82% year-over-year and significantly surpassing Wall Street estimates of $22.5 billion. The division's backlog—signed contracts not yet recognized as revenue—reached an all-time high of $514 billion, exceeding $500 billion for the first time, reflecting strong demand for AI-driven services. Additionally, Alphabet reported Q2 capital expenditure of $44.9 billion, above expectations of $44.2 billion, as CEO cited AI investments reshaping the business across all divisions.
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