Alphabet Q2 Earnings: Revenue, EPS Beat Estimates, Google Parent Raises CapEx Outlook Due To 'Strong And Growing' Cloud Demand

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) reported financial results for the second quarter after the market close on Wednesday. Here’s a look at the key details from the period.

Q2 Earnings: Google parent Alphabet reported second-quarter revenue of $96.43 billion, beating analyst estimates of $93.72 billion. The company reported second-quarter earnings of $2.31 per share, beating estimates of $2.16 per share.

Alphabet has now exceeded analyst expectations on the top and bottom lines in 10 straight quarters, according to Benzinga Pro.

Alphabet’s earnings per share were up 22% year-over-year. Total revenue was up 14% year-over-year, driven by “robust momentum” across the business. Here’s a breakdown of revenue by category:

Google Search: $54.19 billion, up from $48.51 ...