Alphabet's Cloud Grew 82%. Its Free Cash Flow Went to -$5.9B. Both Are the Same Story.
Alphabet's Cloud Grew 82%. Its Free Cash Flow Went to -$5.9B. Both Are the Same Story.
Alphabet's Q2 2026 showed Google Cloud revenue up 82% and a record $514B backlog, but a record $44.9B in quarterly capital spending pushed free cash flow to -$5.