Google Ups Capex Guidance to At Least $180B as AI Spending Balloons

The numbers

**$119.8 billion: **Alphabet’s Q2 revenue, up 24% year-over-year (YoY), and outpacing analyst projections of $116.9 billion.

**$94.5 billion: **Revenues from Google Services, which includes advertising, subscriptions, digital content, and hardware, up 15% YoY.

**$24.8 billion: **Google Cloud revenue, up 82% YoY thanks to its enterprise AI solutions and enterprise AI infrastructure businesses, and above analyst estimates of $22.46 billion.

34%: Alphabet’s operating margin, up 2%.

**$9.11: **Earnings per share, representing a 294% increase over the same period last year.

**22 billion: **Number of API tokens processed per minute by Gemini.

**950 million: **Monthly active users of the Gemini app.