Sundar Pichai Says Alphabet's Cloud Backlog Hit $514 Billion After 82% Revenue Growth Last Quarter. Is Google Cloud Becoming a Bigger Growth Driver Than Search?
Search still pays the bills, but Google Cloud's backlog now exceeds the entire company's revenue.
Overview
On July 22, 2026, during Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) earnings call, CEO Sundar Pichai said Google Cloud revenue grew 82% year over year in the second quarter, and its backlog hit $514 billion. Cloud appears on track to become Alphabet's biggest long-term growth driver -- but it isn't there yet. Search is still doing the heavy lifting, and it's still growing at a double-digit pace.
However, the cloud backlog is now larger than Alphabet's trailing 12-month revenue of $446 billion through June 30, 2026.
Details
Search is the main growth driver today, but that massive backlog signals where the business is headed over the next decade.
Source
Originally published at www.fool.com.
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