Alphabet Inc. reported strong second-quarter earnings for 2025, surpassing analyst expectations with an EPS of $2.31 versus the estimated $2.18 and revenue of $96.43 billion compared to the $93.94 billion forecast. The company's revenue increased 14% year-over-year, driven by robust growth in its core businesses. Google Cloud revenue rose 32% to $13.62 billion, exceeding estimates and pushing its annual revenue run-rate beyond $50 billion. Advertising revenue reached $71.34 billion, with Google Search revenue up 12% to $54.19 billion and YouTube ads revenue increasing 13% to $9.8 billion. Operating income was $31.27 billion, with an operating margin steady at 32%. Net income rose 19% to $28.2 billion. Alphabet also reported a 70% year-over-year increase in capital expenditures for the quarter to $22.45 billion and raised its full-year 2025 capital expenditure guidance to approximately $85 billion from $75 billion, citing strong demand for cloud and AI infrastructure. The company anticipates further capex increases in 2026 due to ongoing investments in servers and data centers. CEO Sundar Pichai highlighted the company's leadership in AI and the accelerated pace of innovation across its services. Despite the earnings beat, Alphabet's shares declined about 2% in after-hours trading.