The countdown for Alphabet’s earnings call has officially kicked in, with just two weeks away on July 22, 2026. Google stock (NASDAQ: GOOG) is currently trading at the $363 level but remains on the bearish side of the spectrum. Its price has been consolidating for over a month and remains flat, rising by only 0.68% since June. GOOG cooled off after reaching a high of $408, as the broader tech sector is taking a breather.

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Google Stock: What To Watch Before Alphabet’s Earnings Call

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Source: Reuters

Alphabet will have to justify its AI capital expenditure in the upcoming earnings call that will dictate the direction Google stock takes next. The capex has already reached $190 billion and counting, and the spending is massively debated by Wall Street. Big tech overspending on data centers is a point of concern, as profits are yet to come. This earnings call is Google’s chance to show that the $190 billion capex is backed by hard revenue.

Wall Street is expecting strong numbers from Alphabet, with consensus Q2 earnings per share (EPS) estimates pegged at $2.86. This is a 23.8% jump year-over-year, indicating growing confidence in the search engine giant. The main metric Wall Street will closely watch is the performance of Google Cloud. Last quarter, it grew at an explosive 63% and hit $20 billion. Alphabet must grow beyond this number to make Google stock comfortably climb the $400 mark.

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If Google Cloud revenues miss the mark, then GOOG’s stock prospects would be in trouble. The development will openly indicate signs of a slowdown, despite Alphabet boasting of a $462 billion AI backlog. Fundamentally, the risk-to-reward ratio is high on the heels of the earnings call for Alphabet. During the previous revenue call, Google stock went from a low of $273 to a high of $408. Wall Street is upbeat on the search engine giant’s prospects, and retail traders need to keep an eye on the developments

  • Alphabet
  • Alphabet Earnings Call
  • GOOG
  • Google stock