That balancing act helped Google parent Alphabet Inc. earn $28.2 billion, or $2.31 per share, during the second quarter, a 19% increase from the same time last year. Revenue climbed 14% from a year ago to $96.4 billion. Both figures easily eclipsed analysts’ projections.

Google remains in third place in the cloud market, after Microsoft and Amazon.com Inc., but the company’s prowess in AI has helped it score client wins. The unit is widely viewed as Alphabet’s strongest source of growth as the main search business matures.

Investing.com-- U.S. stock index futures rose on Wednesday evening, supported chiefly by technology stocks following strong earnings from Alphabet Inc, and as President Donald Trump outlined more support for the artificial intelligence industry.

Live Updates Live Coverage Updates appear automatically as they are published. Revenue By Segment Heading Into Q2 1:16 pm Cloud returned to high-20s % growth, while Search and YouTube showed strength across both brand and performance formats Segment Revenue YoY Growth Google Search $46.

Alphabet Inc. reported robust second-quarter 2025 financial results, marked by double-digit revenue growth and a sharp increase in capex. The company posted revenue of US$96.43 billion, up 14% year-over-year,

The firm highlighted that better conversion rates for AI-driven search results are resulting in higher cost-per-click (CPC) metrics for the company’s core search business. It also believes that Alphabet is likely to report positive upside to estimates in its second-quarter results. However, positive market reaction may fade after the earnings.

SK Hynix Inc. outlined plans to speed up spending on advanced memory chip production capacity after reporting record earnings, reflecting surging AI demand.

Alphabet , faced with unprecedented threats from AI rivals, will be keen to assure investors this week that the company's own spending on the technology is helping it dig a deeper moat around its search and advertising businesses.

Alphabet Inc. (NASDAQ: GOOGL) is one of the AI Stocks on Analysts’ Radar Right Now . On July 21, Wolfe Research analyst Shweta Khajuria reiterated an “Outperform” rating on the stock with a $190.00 price target. The rating affirmation comes ahead of Alphabet’s second-quarter earnings report scheduled for Tuesday, July 22 nd.