Alphabet Inc Class A (GOOGL · NASDAQ)

Alphabet's June quarter showed revenue of $119.80B (up from $109.90B in March) with net income of $112.19B, driving earnings growth of 294.0% YoY and a 54.8% profit margin, though free cash flow turned negative at -$5.86B as capex of $44.92B exceeded operating cash flow of $39.07B. The company beat estimates in all four of its last quarters, including a June print of $9.11 versus $2.88 expected, and trades at a $4.33T market cap with a 17.7 P/E, 0.7x debt/EBITDA, and $55.91B in cash. Shares closed at $347.64, down 1.7% on the day but up 2.2% versus the 200-day average, sitting 13.5% below their 52-week high. Legal overhang is building, with multiple firms announcing securities class actions covering investors who purchased between May 19 and July 16, 2026, alleging nondisclosure issues related to Gemini 3.5.