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Google Cloud grew 82% in Q2 2026 and the $514 billion backlog tells you everything about who is winning the AI race
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Google Cloud grew 82% in Q2 2026 and the $514 billion backlog tells you everything about who is winning the AI race
Alphabet's Q2 2026 results showed Google Cloud growing 82% year-over-year to $24.77 billion, with a $514 billion contract backlog signaling years of locked-in AI infrastructure demand. Revenue hit $119.8 billion, up 24%, as Alphabet raised its 2026 capex guidance to $205 billion.
Judith Murphy
4 min read
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