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Alphabet raised its full year 2026 capex spending guidance to $180 billion to $190 billion.
Alphabet raised its 2026 capex guidance to $180-$190 billion, above prior expectations.
KEY POINTS
- Google Cloud's backlog nearly doubled quarter-over-quarter to $462 billion, with 50% expected revenue conversion in 24 months.
- Google Cloud revenue grew 63% year-over-year, far outpacing AWS's 28% growth.
- Gemini Enterprise paid users increased 40% over the last quarter, with top brands signing $1 billion-plus deals.
- Microsoft expects to stay capacity constrained through 2026 despite over $40 billion quarterly capex and higher component costs.
COMPANIES
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