Alphabet Q2 Earnings Preview: Earnings Estimates, Artificial Intelligence Growth And Other Key Factors To Watch
Portfolio Pulse from Chris Katje
Alphabet Inc is set to report its Q2 financial results, with analysts expecting earnings per share of $1.34 and revenue of $72.78 billion, a 4% YoY increase. The company has missed earnings per share estimates in four of the last five quarters and revenue estimates in two of the last four quarters. Alphabet's progress in artificial intelligence (AI) will be under scrutiny, as it faces competition from Microsoft and potentially Apple. Alphabet's Google Cloud revenue was $7.5 billion in Q1, up from $5.8 billion YoY.
July 25, 2023 | 2:59 pm
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NEUTRAL IMPACT
Alphabet's Q2 results are expected to show a 4% YoY increase in revenue. However, the company has missed estimates in recent quarters. Its progress in AI and competition from Microsoft and Apple could impact its stock.
Alphabet's Q2 results are expected to show growth, but the company has missed estimates in recent quarters. Its progress in AI and competition from other tech giants could impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Apple is potentially building out its AI efforts, which could increase competition for Alphabet in the AI and search segment.
Apple is potentially building out its AI efforts, which could increase competition for Alphabet in the AI and search segment and impact Alphabet's stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Microsoft is a key competitor to Alphabet in the AI and search segment. Any gains by Microsoft could potentially impact Alphabet's market share.
Microsoft is a key competitor to Alphabet in the AI and search segment. Any gains by Microsoft could potentially impact Alphabet's market share and stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50