📰 GOOG: Alphabet Q2 Revenue Hits $119.8B, Up 24% YoY; Google Raises Pixel Prices

News: Wiseek News

Ticker: GOOG | Score: 9/10 | Sentiment: Positive

Summary (Wiseek AI)

Alphabet delivered a standout Q2 with revenue of $119.8B, a 24% jump year-over-year, and GAAP EPS of $9.11. The stock was the largest margin contributor in the S&P 500 this earnings season, underscoring its market-moving weight. This follows a string of strong quarters and the massive $80B equity raise announced in June, which is funding an aggressive AI infrastructure buildout. Separately, Google is raising Pixel phone prices, citing higher memory chip costs—a move that protects hardware margins but could test consumer demand. The earnings beat reinforces the AI-driven growth narrative, while the price hike signals confidence in the Pixel brand's pricing power.

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