Google Cloud
Fastest-growing segment. Q2 2026 revenue rose 82% to $24.8B and operating income tripled.
The numbers
What it is
Google Cloud Platform for computing, storage and AI, Workspace for productivity, and enterprise AI sold through Gemini Enterprise.
Why it matters to the stock. Cloud is now the main growth driver after Search. Its margin drives Alphabet's total margin, and capacity limits set how much growth it can deliver.
News
Alphabet declares $0.22 dividend and buys back no stock in Q2
In its Q2 release Alphabet declared a $0.22 quarterly dividend per common share, payable September 14, 2026 to holders of record on September 7.
The Information reports Anthropic commits $200 billion to Google Cloud and chips over five years
The Information reported that Anthropic plans to spend about $200 billion with Google on cloud services and chips over five years, citing one person with knowledge of the deal.
JPMorgan raises Alphabet target to $460 from $395 and names it top pick for 2026
JPMorgan analyst Doug Anmuth raised his Alphabet price target to $460 from $395 after the Q1 report and named the stock the firm's top overall pick for 2026.
Alphabet Q1 2026 revenue rises 22% to $109.9B; Google Cloud revenue up 63% to $20.0B
Alphabet's first-quarter 2026 earnings release, dated April 29, 2026, reported revenue up 22% to $109.9 billion and Google Cloud revenue up 63% to $20.0 billion.
Google completes $32B all-cash acquisition of cybersecurity firm Wiz
Google closed its all-cash acquisition of Wiz for $32 billion, the largest deal in Alphabet's history.
Google launches Gemini 3.1 Flash-Lite in preview at $0.25 and $1.50 per million tokens
Google DeepMind introduced Gemini 3.1 Flash-Lite as the fastest and most cost-efficient Gemini 3 series model, aimed at high-volume developer workloads.
Alphabet Q4 2025: revenue $113.8B up 18%, 2026 capex guided to $175B-$185B
Alphabet reported fourth-quarter 2025 revenue of $113.8 billion, up 18%, with diluted EPS of $2.82 and Google Cloud revenue up 48% to $17.7 billion.