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Dolphin ResearchJul 22 at 09:50 PM
GOOGL (Trans): Betting on Gemini 4, capex set to jump again next year
Below is Dolphin Research's transcript of Alphabet's 2Q26 earnings call; for our commentary, cf. 'Alphabet: Is AI about to crack? The savior arrives'.
Key financial highlights: 1) Shareholder returns: the BOD raised the quarterly dividend by 5%.
2) Guidance: full-year CapEx guidance was lifted to $195-205bn (vs. $180-190bn prior)...
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