Tomasz Tunguz: Google Cloud revenue jumps 82 percent to $24.8 billion in Q2 2026

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Google Cloud revenue climbs 82 percent

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Parshwa Turakhiya

23.07.2026

Tomasz Tunguz: Google Cloud revenue jumps 82 percent to $24.8 billion in Q2 2026 — Google Cloud revenue climbs 82 percent

Tomasz Tunguz highlights that Google Cloud achieved an 82 percent year-over-year revenue increase, reaching $24.8 billion in Q2 2026 and surpassing the $22.3 billion consensus estimate. He emphasizes that while the headline number is impressive, the key takeaway is Google Cloud's growth rate now aligning with NVIDIA's. Tunguz also points out that Google has begun selling hardware.

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Tunguz previously observed that CIOs are directing budgets toward AI stack investments in 2026. He has also highlighted that five AI companies recently committed $9.75 billion to deploying engineers within customer organizations. These earlier trends come as Google Cloud expands both its product lineup and revenue footprint.

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