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GOOGLEarnings2026-07-22
Ashkenazi breaks down second quarter capital spending and reports the resulting cash flow position.
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Anat Ashkenazi · Alphabet Investor Relations · Alphabet 2026 Q2 Earnings Call
“CapEx was $44.9 billion in the second quarter, with the vast majority of the spend in technical infrastructure to support our investments in AI. Approximately 60% of our investment in technical infrastructure this quarter was in servers, and 40% was in data centers and networking equipment. We had negative free cash flow of $5.9 billion in the second quarter, driven by our investments in CapEx.”
Key terms
- CapEx
- — Capital expenditure — money spent on long-lived assets such as data centres, servers and equipment.
- free cash flow
- — Cash left over from operations after capital spending.
- technical infrastructure
- — Alphabet's term for its data centres, servers, chips and networking gear.
Educational summary of a public statement. Not investment advice.