Alphabet tops Q2 estimates with 14 percent revenue jump as AI ambitions and legal challenges define future

Alphabet Inc., the parent company of Google, reported better-than-expected second-quarter earnings on Wednesday(July 23), with revenue rising 14 percent to $96.4 billion and earnings per share increasing 22 percent to $2.31. Wall Street had projected $93.98 billion in revenue and earnings of $2.20 per share.

“AI is positively impacting every part of the business, driving strong momentum,” CEO Sundar Pichai said in a statement. The company highlighted growth in its advertising and cloud businesses, as well as the rollout of new AI tools.