Woofun AI reports that GOOGL shares declined by more than 3% during after-hours trading. Although the company’s Q2 2026 earnings revealed revenue of $119.8 billion, representing a 24% year-over-year increase, the market reacted negatively to revised financial outlooks.

The downturn was driven by Alphabet raising its full-year capital expenditure guidance and signaling continued heavy investment in AI infrastructure, which intensified investor concerns about capital burn rates and return on investment.