Google Cloud

On 22 July, Google Cloud reported quarterly revenue of $24.8bn, 82% higher than a year earlier. Its contracted backlog reached $514bn, up from $460bn in the first quarter, showing that customers had committed more demand than Alphabet could yet recognise as revenue.

That queue changed the scale of Google Cloud's expansion. On the same day, Alphabet lifted its 2026 capital-spending guidance to $195-205bn from $180-190bn set three months earlier. The extra spending is intended to add data-centre capacity for the compute demand behind Cloud's contracts, while investors judged whether the cost could keep pace with returns.

On 16 April, Google Cloud signed a multi-year agreement with Avid Technology to place Gemini and Vertex AI inside Media Composer. The deal gives Google Cloud a route into assisted logging and B-roll generation within a video-editing system used by major broadcasters.

On 19 May, Gemini also gained callable access to Canva, Adobe's Creative Cloud tools and CapCut. For Google Cloud, these integrations extend its role from supplying compute to becoming part of the interface through which creative Teams direct work across several production tools.