Alphabet reported a record quarterly net income of $112.1 billion in Q2, with bottom-line growth surging 298% year-over-year. Revenue reached $119.8 billion, up 24%. Investors punished the stock, which fell 1.46% at the close and another 3.72% in after-hours trading. The selloff was triggered by CEO Sundar Pichai’s raised 2026 capital expenditure guidance of $195 billion to $205 billion, up from the previous range of $180 billion to $190 billion. Traders criticized the company for not explaining how these massive investments would generate revenues, particularly in relation to AI.
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