GOOGL · 10-Q · 2026Q2 · Full report

AI Infrastructure Investment

Alphabet Inc. · 2026-07-23 · Importance 89 · Surprise 82

Alphabet is significantly increasing investment in technical infrastructure, including servers, network equipment, and data centers, to scale AI infrastructure and global compute. Capital expenditures reached $80.6 billion in the first six months of 2026, compared with $39.6 billion in the prior-year period, while depreciation on property and equipment increased to $13.6 billion from $9.5 billion. Data center projects are multi-year, phased developments, and assets may remain under construction or assembly for months or years before entering service.