Google Cloud revenue jumps 82% as enterprise AI adoption pushes its backlog past $514 billion.
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Google Cloud revenue hit $24.8B in Q2 2026, up 82% year-over-year, driven by enterprise demand for Gemini and AI infrastructure.
Cloud backlog reached $514B. Nearly 90% of the Fortune 100 now use Gemini Enterprise.
Alphabet raised 2026 capex to $205B — demand is outpacing available computing capacity.