Revenue topped Wall Street expectations by close to $3 billion, while adjusted earnings per share of $2.85 missed consensus estimates by $0.04. Investor focus remains on capital expenditures.
Both Tesla and Alphabet signaled higher spending as they invest in artificial intelligence. There were signs that some of Google's investments were beginning to pay off, with its cloud revenue jumping ...
Alphabet reported a second-quarter operating margin of 34%, an increase from last year's 32% level. However, the company warned on the earnings call that AI spending could weigh on margins in future ...
GOOGL ended a decade of buybacks, redirecting cash from a $300 billion repurchase streak into annual AI capex projected between $175 billion and $185 billion. Alphabet bet $40 billion on rival ...
In April, alongside first-quarter results, Alphabet raised its 2026 capital expenditure guidance to a range of $180 billion to $190 billion, up from $175 billion to $185 billion. Chief financial ...
Google’s parent company, which has spent heavily on artificial intelligence, also showed growth across its businesses, particularly in cloud computing. By Kate Conger Reporting from San Francisco ...
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Shares of Alphabet and Tesla dipped on Wednesday after the companies reported massive spending increases in their quarterly earnings reports. It's a potentially ominous sign for the rest of the tech ...
Australia passes law to levy tech giants that fail to pay for local news Australia passed legislation on Thursday that will force tech giants to pay millions of dollars in levies if they fail to ...
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