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Alphabet and Meta Q2 2026 results: Cloud growth vs Meta ad pressure

Meta Platforms (Facebook) logoMeta Platforms (Facebook)
Sig2.75Sen-1.95Env0.00Soc-2.85Gov-2.35
Alphabet (Google) logoAlphabet (Google)
Sig3.05Sen+5.65Env0.00Soc0.00Gov0.00

Alphabet and Meta reported Q2 2026 results in late July. Alphabet revenue rose to $119.8B as Google Cloud grew 82% to $24.8B, while Meta revenue climbed to $60.80B but EPS fell to $6.18 versus an estimate. Meta’s expenses rose 55%, including $2.40B in legal charges and $1.18B in severance tied to an 8,000-employee reduction.

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