Alphabet Inc. (NASDAQ:GOOG)(NASDAQ:GOOGL) shares are trading lower Thursday after the company reported second-quarter financial results on Wednesday after the market closed. The company raised its fiscal-year 2026 CapEx guidance range.

• Alphabet stock is showing notable weakness. Why is GOOG stock falling?

Alphabet Beats Revenue Estimates With $119.8B, EPS $9.11

Alphabet reported earnings per share of $9.11, which may not compare to estimates. In addition, it reported revenue of $119.79 billion, beating the consensus estimate of $116.81 billion.

Total revenue grew 24% year-over-year, driven by strong performance across the business. Google Search revenue came in at $63.27 billion, up from $54.19 billion a year earlier. YouTube advertising revenue rose to $11.06 billion from $9.80 billion. Google Cloud revenue jumped to $24.77 billion from $13.62 billion. Total Google advertising revenue reached $81.63 billion, up from $71.34 billion.

Alphabet said Gemini models now process 22 billion API tokens per minute, and the Gemini app has reached 950 million monthly active users. The company ended the quarter with approximately $242.47 billion in cash, cash equivalents, and marketable securities.

Alphabet Ups 2026 CapEx Forecast

Alphabet raised its full-year 2026 capital expenditure guidance to a range of $195 billion to $205 billion, up from its prior forecast of $180 billion to $190 billion, as the company continues to scale data center and AI infrastructure capacity.

Alphabet Shares Trade Lower

GOOG Price Action: At the time of publication, Alphabet shares are trading 4.86% lower at $325.29, according to data from Benzinga Pro.

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