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GOOGLEarnings2026-07-22
Ashkenazi answers a question about Alphabet's capital structure following recent fundraising.
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Anat Ashkenazi · Alphabet Investor Relations · Alphabet 2026 Q2 Earnings Call
“At this point, we're not planning to go back to the equity markets, with the exception of -- as you recall, part of our equity offering was the ATM, or at-the-market, offering that we will do to address the stock-based -- or the tax on SBC, which we'll do for some period of time.”
Key terms
- equity markets
- — Where a company raises money by selling new shares to investors.
- at-the-market offering
- — A programme that lets a company sell small amounts of new shares gradually at prevailing prices.
- SBC
- — Stock-based compensation — paying employees partly in company shares.
Educational summary of a public statement. Not investment advice.