Alphabet Inc Class A (GOOGL · NASDAQ)

Alphabet's June quarter showed revenue of $119.80B, up 24.2% year over year, with net income of $112.19B driving a 294.0% earnings increase and a fourth consecutive earnings beat ($9.11 reported vs. $2.88 estimated). Free cash flow turned negative at -$5.86B as capex of $44.92B outpaced operating cash flow of $39.07B, though leverage remains modest at 0.7x debt/EBITDA with $55.91B in cash. The stock closed at $351.66, up 1.0% on the day and 3.9% over the past month but 12.5% below its 52-week high, trading at a P/E of 17.64 against an analyst target of $429.47. Recent coverage highlights the company's expansion beyond search advertising into cloud computing and subscriptions.