Alphabet Inc Class A (GOOGL · NASDAQ)

Alphabet (GOOGL, $348.29) reported Q2 (ended 2026-06-30) revenue of $119.80B, up sequentially from $109.90B, with net income of $112.19B and EPS of $9.11 versus a $2.88 estimate — its fourth consecutive beat. 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 low at 0.7x debt/EBITDA with $55.91B in cash. The stock is down 0.6% on the day and 6.0% over three months, trading 13.4% below its 52-week high, at a P/E of 17.45 versus an analyst target of $429.47. Two law firms have announced lead plaintiff deadlines (December 1, 2026) for a securities fraud class action covering purchasers between May 19 and July 16, 2026.