What You Need To Know Ahead of Google Parent Alphabet’s Earnings Report [Video]

Google parent Alphabet (GOOGL) is set to report second-quarter earnings after the bell Tuesday with investors likely to be watching for sustained cloud growth and updates on artificial intelligence (AI) initiatives.

The tech giant is projected to report revenue of $84.3 billion, according to estimates compiled by Visible Alpha, representing a 13% rise over the year-ago period. Net income is expected to come in at $23 billion, or $1.85 per share, an increase from the second quarter of 2023.

Investors will likely watch for sustained growth in Google Cloud, as the cloud segment revenue could help ease investor concerns around big tech’s increased spending to invest in AI.

Analysts expect cloud revenue of $10.22 billion, according to consensus estimates from Visible Alpha, representing growth from the quarter prior and the year-ago period.

The company could provide investors with updates on projects like its AI assistants, Gemini Live and Project Astra, which could help Alphabet compete …