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Alphabet: Is the Stock a Buy on the Dip as Cloud Revenue Surges?

Alphabet shares sank after its Q2 earnings report.

Alphabet: Is the Stock a Buy on the Dip as Cloud Revenue Surges?

Published July 24, 2026 · Category: Finance

Overview

Despite delivering strong second-quarter results, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) shares sank following its results. The company upped its capital expenditures (capex) forecast, as it continues to plow money into AI infrastructure. The stock is still up 65% over the past year, although it's off more than 20% from its earlier highs this year.

Let's dive into the company's Q2 results and prospects, and why I think this is a great opportunity to buy the stock.

Details

Alphabet's cloud computing unit, Google Cloud, once again stood out in Q2. Revenue for the segment continued to accelerate, surging 82% to $24.8 billion. That compares to 63% growth in the first quarter, 48% growth in the fourth quarter of 2025, 34% growth in the third quarter of 2025, and 32% growth in Q2 of last year. Perhaps even more impressive, though, is the operating leverage that the unit has been seeing.

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Source

Originally published at www.fool.com.

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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.