Alphabet, the parent company of Google, has unveiled its fiscal year 2026 second-quarter financial report. By the end of June, the company had generated a total revenue of $96.428 billion for the quarter, marking a 14% year-over-year increase. Net profit stood at $28.196 billion, a 19% jump from the previous year. The financial report highlights that Alphabet's performance surpassed analysts' projections, with notable growth observed in both the search business and Google Cloud revenue streams. Furthermore, the company has bolstered its annual capital expenditure plan to $85 billion in response to the robust and escalating market demand.