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GOOGLEarnings2026-07-22
Ashkenazi reports Cloud revenue growth and notes a new revenue source in the quarter.
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Anat Ashkenazi · Alphabet Investor Relations · Alphabet 2026 Q2 Earnings Call
“Cloud revenues were up 82% to $24.8 billion, driven primarily by GCP, which grew faster than Cloud overall. Core GCP, AI solutions, and AI infrastructure were all important drivers of growth. We also began to recognize revenues from TPU system sales, which we delivered to customer data centers for the first time in Q2. Cloud revenue growth accelerated meaningfully, even after excluding the impact of TPU system sales.”
Key terms
- GCP
- — Google Cloud Platform, the part of Google Cloud that sells computing and data services.
- TPU
- — Tensor Processing Unit, a chip Google designs itself for AI work.
- recognize revenues
- — Accounting term for the point at which a sale is formally counted in reported revenue.
Educational summary of a public statement. Not investment advice.