Jul 22, 2026
|
On today’s Q2 2026 earnings call, Google and Alphabet CEO Sundar Pichai recapped an amazing quarter, with our AI investments redefining what’s possible across every part of our business. Below is an edited transcript of his remarks.
We have exciting momentum. Alphabet revenue grew 24% year-over-year. Our AI investments are redefining what’s possible across every part of our business.Our momentum starts with Search, where people are adopting one seamless search experience across AI Overviews and AI Mode. We saw 17% revenue growth in Search and Other. And YouTube Ads grew 13%.Cloud revenue grew 82%, powered by strong demand for AI infrastructure and AI solutions. And Cloud backlog grew to $514 billion. It’s great to see the wide adoption of Gemini Enterprise, with nearly 90% of the Fortune 100 using it.Today, I’ll expand on our AI progress, our global product footprint led by Search and YouTube, Google Cloud’s leadership, and our long-term Bets.
AI progressYesterday we announced new models — Gemini 3.6 Flash and Gemini 3.5 Flash-Lite — which are cost effective and highly efficient. We’re seeing tons of demand for our workhorse Gemini Flash series, because it hits the sweet spot of performance and cost.We also launched Gemini 3.5 Flash Cyber, which I’m really excited about. Paired with our CodeMender agent, it finds and fixes vulnerabilities and delivers performance at the frontier, comparable to far bigger cyber models.Gemini 3.5 Pro is currently in testing. And our team is already building the next generation of models. We have started our most ambitious pre-training run yet, for Gemini 4, and are excited by the progress we are seeing at the frontier.Demand for our models is translating to strong token usage across developers and enterprise customers, and we continue to be supply constrained — a sign of momentum and rapid adoption.More than 9 million developers are building each month with our models across our APIs and key developer products.Our model APIs are now processing approximately 22 billion tokens per minute. That’s up from 16 billion just a quarter ago.Additionally this quarter, we launched Omni. It allows users to create anything from any input, starting with video. Since launching at I/O in May, there’s been a 40% increase in daily active users creating videos on the Gemini app.Our Gemma family of open models small enough to run on local devices are hugely popular — these models have been downloaded over nine hundred million times. And our latest Gemma 4 models have been downloaded over 300 million times since launching in April.Our agentic development platform Antigravity allows anyone to build in the agent-first era. It has more than 2.4 million weekly active users. Antigravity is a powerful tool for users and enterprises, and it’s completely accelerated how we build internally. As just one example, a team in Chrome is now on track to accelerate delivery by eight times, compressing a two-year timeline into three months through model-driven refactoring.
