Alphabet Inc Class A (GOOGL · NASDAQ)

Alphabet (GOOGL) reported Q2 (June 30, 2026) revenue of $119.80B, up 24.2% YoY on a TTM basis of $445.87B, with net income of $112.19B and EPS of $9.11 versus a $2.88 estimate — its fourth consecutive beat and a 216% surprise. Free cash flow was negative $5.86B for the quarter as capex of $44.92B exceeded operating cash flow of $39.07B, though leverage remains modest at 0.7x debt/EBITDA with $55.91B in cash. Quality metrics are strong: 60.9% gross margin, 34.0% operating margin, 54.8% profit margin, and 48.7% ROE, while the stock trades at a P/E of 17.55 and EV/EBITDA of 12.65 against a $4.27T market cap. Shares closed at $349.54, up 0.6% on the day and 3.7% above the 200-day SMA, sitting 13.1% below the 52-week high with an analyst target of $428.16.