Google (GOOGL.US) Q2 cloud revenue soars by 82%, but capital expenditure set to surge to $205 billion, resulting in the first-ever negative cash flow and alarming the market

According to Wisdom Finance APP, after the market closed on July 22nd Eastern Time, Google’s parent company Alphabet (GOOGL.US) released its financial report for the second quarter of 2026. Although its cloud computing business achieved the strongest growth on record, the company significantly raised its full-year capital expenditure guidance for 2026 to as much as $205 billion, and also reported its first-ever single-quarter negative free cash flow. Combined with the continued delays of its flagship AI model Gemini 3.5 Pro, the stock price fell by nearly 5% in after-hours trading.