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

> Source: <https://www.adweek.com/media/google-ups-capex-guidance-to-at-least-180b-as-ai-spending-balloons/>
> Published: 2026-07-22 18:58:27+00:00

**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.