Alphabet (GOOG) (GOOGL) released its Q2 2026 earnings yesterday, July 22, after the close of markets. I'll look into Alphabet's outlook and examine whether GOOGL stock is a compelling buy now. Alphabet Q2 Earnings SnapshotLet's begin by looking at the headline numbers from Alphabet's Q2 report. Google Search revenues rose 17% YoY, which was slightly below estimates, while YouTube ad revenues rose 13%, beating estimates. More News from BarchartAlphabet's cloud revenues have been growing much faster than those of Amazon (AMZN) and Microsoft (MSFT), two of its bigger rivals.