The Zhitong Finance App learned that on Thursday, Google (GOOGL.US) fell more than 6% to $320.16. According to the news, Google's parent company Alphabet announced results for the second quarter. Alphabet's second-quarter capital expenditure was US$44.92 billion, exceeding market expectations of US$44.15 billion. The company raised its capital expenditure guidance for the 2026 fiscal year by US$15 billion to the range of US$1950 billion to US$205 billion, which is a significant increase from the previous guideline of 180 billion to 190 billion dollars. At the same time, it is also expected that capital expenditure will continue to increase significantly in 2027. Bank of America Securities anticipates that the company's free cash flow for the full year 2026 will be negative $16 billion, and will also be negative in 2027.
Zhitongcaijing · 1d ago
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The Zhitong Finance App learned that on Thursday, Google (GOOGL.US) fell more than 6% to $320.16. According to the news, Google's parent company Alphabet announced results for the second quarter. Alphabet's second-quarter capital expenditure was US$44.92 billion, exceeding market expectations of US$44.15 billion. The company raised its capital expenditure guidance for the 2026 fiscal year by US$15 billion to the range of US$1950 billion to US$205 billion, which is a significant increase from the previous guideline of 180 billion to 190 billion dollars. At the same time, it is also expected that capital expenditure will continue to increase significantly in 2027. Bank of America Securities anticipates that the company's free cash flow for the full year 2026 will be negative $16 billion, and will also be negative in 2027.
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