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Alphabet set to report Q2 earnings results after the bell

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Google’s parent company is expected to post growth for its second quarter, which was filled with AI announcements.

The Google parent company is expected to post growth for its second quarter, which included a slew of AI announcements and more layoffs.

Analysts will be watching to see if Alphabet, which has outperformed other internet and software megacaps through the year, can keep posting steady growth.Analysts will be watching to see if Alphabet, which has outperformed other internet and software megacaps through the year, can keep posting steady growth amid tougher comparisons from the year prior.

Though Google announced several fixes to remedy AI Overview issues, it came as the latest of several AI product launch mishaps by the search giant, which for some have called into question whether the company can safely rollout AI products at the speed of competition. It also remains unclear just how much revenue growth these new products will generate from users and advertisers alike — a key discussion topic expected on Alphabet's earnings conference call.

Alphabet also faces questions about a potential new deal, which would reportedly be its largest-ever acquisition. Google is in advanced talks tofor $23 billion, according to a person familiar with the matter who told CNBC the deal is expected to close"soon." The acquisition would help bolster Google's cloud unit revenue and comes shortly after the company reportedly

 

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