Alphabet has raised its 2026 investment forecast to between $195 billion and $205 billion, up from the previous range of $180 billion to $190 billion. The company says demand continues to outpace investment.
Google reported revenue of $119.8 billion for the second quarter of 2026, a 24 percent increase year over year that beat analysts' expectations of $116.9 billion. Google Cloud grew 82 percent to $24.8 billion, and the Services segment rose 15 percent to $94.5 billion. The Gemini app now has 950 million monthly active users, up from 750 million in February.
Alphabet's AI metrics for Q2 2026 show Google Cloud growing 82 percent and the Gemini app reaching 950 million monthly active users. | Image: Alphabet
AI Mode in Google Search has crossed one billion monthly active users since its global launch in October. Google claims AI Mode, like AI Overviews before it, is driving more overall search queries. That shouldn't be confused with more traffic to websites compared to traditional search.
Google says it sends billions of clicks to websites every week through AI features in Search, but without specific data or comparisons to traditional search volume, that claim doesn't tell us much. On the ad side, AI Max has left beta and already has 500,000 advertisers using it. Alphabet says AI is unlocking billions of new search queries that were previously hard to monetize.
