According to CNBC, after Alphabet (Google’s parent company) reported second-quarter revenue of $119.8 billion on Wednesday, its stock fell in after-hours trading. Revenue increased 24% year over year, beating the LSEG estimate of $116.9 billion. Earnings per share were $9.11. Operating income was $40.77 billion, and the operating margin expanded by 1.6 percentage points from a year earlier. Alphabet raised its 2026 capital expenditure (capex) guidance to $195 billion to $205 billion, up from the previous $180 billion to $190 billion; executives said capex will increase significantly in 2027. CEO Sundar Pichai said that since AI Mode expanded globally in October last year, monthly active users have exceeded 1 billion; CFO Anat Ashkenazi also said Alphabet does not plan to return to the equity capital markets, other than ATM (automated teller machine) sales related to tax obligations for employee equity incentives.