Alphabet Smashes Records with $102.35 Billion Quarterly Revenue as AI Boom Drives Google Cloud Growth
Summary
Alphabet shatters records with $102.35 billion quarterly revenue, marking the first time the tech giant crosses $100 billion while Google Cloud surges 35% to $15.15 billion amid explosive AI demand, prompting the company to boost 2025 infrastructure spending to up to $93 billion.
Key Points
- Alphabet reports record quarterly revenue of $102.35 billion, surpassing $100 billion for the first time and beating analyst estimates of $99.89 billion
- Google Cloud revenue reaches $15.15 billion with 35% growth year-over-year, driven by strong AI demand and a $155 billion customer backlog
- Company increases 2025 capital expenditure guidance to $91-93 billion, up from previous $85 billion estimate, to expand AI infrastructure and data centers