Google Cloud posted 82% year-over-year revenue growth in Q2 2026, reaching $24.8 billion with operating income tripling to $8.8 billion. The division now accounts for nearly half of Alphabet’s total revenue growth and roughly two-thirds of its incremental operating profit. Its contracted backlog reached $514 billion, with over 50% expected to convert into recognized revenue within 24 months. Nearly 90% of Fortune 100 companies now use Gemini Enterprise, Alphabet’s flagship AI offering.
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