Pichai explains the reasoning behind accepting higher short-term costs to serve large Cloud customers.

Sundar Pichai · Alphabet Investor Relations · Alphabet 2026 Q2 Earnings Call

“So are you willing to take upfront a six-month deal to be able to serve the customer in what is a multiyear opportunity where the margins and the returns are very, very attractive over that multiyear horizon? So hopefully that gives some color on how we've thought about those opportunities.”

Educational summary of a public statement. Not investment advice.