The 3 biggest takeaways from Google's Q2 earnings, from AI spending to a milestone for Gemini

Google reported Q2 revenue of $119.8 billion, a 24% increase from the previous year, driven by strong AI infrastructure investments and Google Cloud growth. The company raised its 2026 capital expenditure forecast to $195–205 billion and noted Google Cloud revenue jumped 82% year-over-year to $24.8 billion. Gemini, Google's AI app, reached 950 million monthly active users, signaling progress in its consumer AI strategy.