Will Alphabet's Q2 Earnings Reignite the Tech Rally?
View original at finance.yahoo.comWill Alphabet's Q2 Earnings Reignite the Tech Rally? Alphabet GOOGL) will officially kick off the Q2 earnings season for the Magnificent Seven when it reports its quarterly results after Wednesday's closing bell on July 22…
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Wall Street expects Alphabet to post EPS of approximately $2.90 on revenue of $101.22 billion (including TAC), roughly 24% YoY growth on both top and bottom lines
60% confidenceAlphabet has exceeded earnings expectations for 13 consecutive quarters with an average EPS surprise of 34.43% over its last four quarterly reports
60% confidenceThe Most Accurate Estimate for Q2 EPS is $2.93, nearly 2% above the Zacks Consensus Estimate of $2.87
60% confidenceGoogle is developing a next-generation AI server chip, informally dubbed 'Frozen v2,' that would run its Gemini models more efficiently by embedding portions of the model's architecture directly into the silicon
60% confidenceGoogle Cloud revenue is expected to soar 67% to $22.79 billion from $13.62 billion a year ago
60% confidence
Data points we hold from this source
| Alphabet Inc. · eps | 2.87 USD |
| Alphabet Inc. · earnings surprise streak | 13 quarters |