Here’s What You Need to Know Ahead of Google Parent Alphabet’s Earnings Today

Google parent Alphabet (GOOGL) is set to post second-quarter earnings after the market closes today, with investors likely to be watching its cloud and advertising revenue growth for signs of the tech giant’s competitiveness amid the AI boom.

Jefferies analysts said they expect Google’s cloud business to benefit from strong enterprise demand and AI momentum, while analysts at Wedbush recently cautioned that the Magnificent Seven member’s advertising revenue could face challenges from a shift to generative AI search.

Wall Street broadly expects Google Cloud revenue to have jumped 26% year-over-year to $13.14 billion, according to Visible Alpha, while the Street projects revenue from Google’s Search and Other division to have risen about 9% to $52.93 billion. Total revenue is expected to have increased 11% to $94.01 billion.

Of the 19 analysts covering Alphabet tracked by Visible Alpha, 15 have a “buy” or equivalent rating for the stock, alongside four “hold” ratings.

Shares of Alphabet were down about 1% in recent trading, and the stock is roughly flat for 2025.  Options pricing data suggests traders expect Alphabet stock could see a sizable move by the end of the week.

Alphabet is joined by fellow Mag 7 company Tesla (TSLA) in reporting earnings Wednesday. Microsoft (MSFT) and Meta (META) are set to report next Wednesday, with Amazon (AMZN), and Apple (AAPL) expected to follow a day later. Nvidia (NVDA) isn’t slated to report until late August.