GOOG · News · 20260917N
Cloud Services Growth and Backlog
Alphabet Inc. · 2026-09-17 · Importance 89 · Surprise 82 · No source text
Google Cloud revenue grew 82% year over year in the second quarter of 2026 to $24.8 billion. Cloud backlog reached $514 billion at the end of the quarter, exceeding Alphabet’s full-year 2025 Cloud revenue. Enterprise AI demand, including Gemini deployments, is identified as a primary driver of Google Cloud growth relative to Microsoft and Amazon.
Key facts
- Google Cloud revenue grew 82% in Q2 2026 to $24.8 billion. source
- Google Cloud backlog exceeded Alphabet's entire 2025 revenue (backlog described as "exceeding its entire 2025 revenue"). source
- Google Cloud's backlog grew to $514 billion at the end of the second quarter. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +9.3% | Google Cloud revenue grew 82% in Q2 2026 to $24.8 billion. |
| revenue | positive | committed | — | Google Cloud's backlog grew to $514 billion at the end of the second quarter. |