Google reports strong Q2 growth driven by AI investments

Alphabet CEO Sundar Pichai used Q2 2026 earnings to counter criticism that Google is losing momentum in the AI race.

Alphabet revenue grew 24% year-over-year and Google Cloud accelerated to 82% growth.

The Gemini app reached 950 million monthly active users, and Google's AI model APIs process 22 billion tokens per minute.

Gemini Enterprise is used by 90% of the Fortune 100, and Gemini Flash models drive faster, lower-cost AI workloads.

Google delayed release of Gemini 3.5 Pro, originally expected in June, with Pichai stating it is still in testing.