Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTEva MathewSat, July 25, 2026 at 5:31 AM GMT+2 5 min readBenzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.Google-parent Alphabet Inc. posted a blowout quarter on Wednesday, and buried in the numbers is a figure bigger than most countries' entire economies.The YouTube owner's second-quarter revenue rose 24% to $119.8 billion, up from $96.4 billion a year earlier, beating Wall Street estimates. Profit hit $112.1 billion, a massive jump from the $28.1 billion reported a year ago. Growth was broad-based: Search and Other revenue grew 17%, and YouTube Ads grew 13%, while cloud revenue grew 82%, powered by strong demand for AI infrastructure and AI solutions.That cloud strength is where the eye-popping number lives. Google Cloud's backlog — contracted work still waiting to be delivered — climbed to $514 billion, up from $490 billion the prior quarter.Don't Miss:A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and whyStill Learning the Market? These 50 Must-Know Terms Can Help You Catch Up FastPer the IMF's World Economic Outlook data from April, that backlog alone outsizes the 2026 GDP projection of most countries, including the Philippines, Bangladesh, Denmark, Romania and South Africa. It also sits just below Malaysia's projected $516.4 billion economy.And, only 38 economies are projected to have a larger GDP than that backlog, according to IMF estimates.Country2026 GDPPhilippines$512.22 billionBangladesh$510.71 billionDenmark$503.77 billionRomania$480.83 billionSouth Africa$479.96 billionSource: IMFTrending: Avoid the #1 Investing Mistake: How Your 'Safe' Holdings Could Be Costing You Big TimeGoogle Cloud brought in $24.8 billion for the quarter, with operating income more than tripling from $2.8 billion to $8.8 billion at a 35.6% margin. CEO Sundar Pichai credited enterprise adoption: "It's great to see the wide adoption of Gemini Enterprise, with nearly 90% of the Fortune 100 using it."Still, growth isn't free. Capital expenditures hit $44.9 billion, more than double the $22.4 billion spent a year earlier, and free cash flow turned negative, at $5.9 billion. Alphabet raised its full-year capex guidance to $195 billion–$205 billion, and the stock slid in after-hours trading on Wednesday on the spending hike despite the earnings beat.Image via ShutterstockImage: Julia Demaree Nikhinson-Pool via Imagn ImagesRead Next: Skip the Regrets: The Essential Retirement Tips Experts Wish Everyone Knew Earlier.Think you're saving enough for your kids? You might be dangerously off — see whyTerms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info