Woofun AI data shows that Alphabet reported Q2 revenue of $1198 billion, up 24% year-over-year, with operating profit rising 30% to $40.8 billion. Net income surged 298% to $112.1 billion, driven by equity gains from investments including Anthropic.

Google Cloud revenue reached $24.8 billion, an 82% increase that exceeded the $22.5 billion consensus. The cloud backlog grew to $514 billion, crossing the $500 billion threshold for the first time. Capital expenditure totaled $44.9 billion, slightly above the $44.2 billion forecast. The CEO stated that AI investment is redefining the entire business.