GOOGL · News · 20260731N

Google Cloud Profitability

Alphabet Inc. · 2026-07-31 · Importance 76 · Surprise 56

Google Cloud revenue rose 82% year over year to $24.8 billion in Q2 2026. Cloud operating margin expanded to 35.6%, reflecting stronger profitability despite expected near-term margin pressure. Google Cloud’s backlog reached $514 billion, supporting future revenue conversion. The segment’s profitability was cited as a key reason analysts raised Alphabet price targets.

Key facts

• TradingKey reported Google Cloud achieved profitability, supporting analyst target increases and a July 31 stock rise of 3.12%. source