Key developments

1. Jul 23, 2026

   Tesla posts record Q2 2026 revenue of $28.2 billion, up 26% year over year, but profits fall as AI, robotics and capital spending rise.

   50 sources on this →
2. Jul 23, 2026

   Alphabet reports 24% revenue growth to $119.8 billion in Q2 2026, with YouTube ad revenue reaching $11.06 billion boosted by World Cup viewership.

   6 sources on this →

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Stories in this storyline

Tesla Q2 Revenue Up, Profits Down as Costs Rise

Tesla posted a Q2 2026 revenue of $28.2 billion, up 26% year over year and driven by broad strength including Australia’s record Model Y sales, but profitability deteriorated as adjusted EPS came in at $0.33 vs $0.51 and GAAP operating income plunged 57% to $398 million with a 1.4% margin. The quarter reflected heavy expenditure on AI, robotics, and capital outlays, resulting in negative free cash flow despite a revenue record across automotive, energy, and services.

50 sources

Photo: Lyles BBQ, Smile and Learn - English, The Flat Top King (previous screenshot: yumyotta) / Wikimedia Commons (Public domain)

YouTube Ad Revenue Reaches $11B in Q2 2026

Alphabet posted 24% revenue growth to $119.8 billion in Q2 2026, driven by Google Services growth and an 82% surge in Google Cloud on AI infrastructure demand. Advertising revenue reached $81.63 billion with YouTube ads of $11.06 billion boosted by FIFA World Cup viewership, while Gemini AI features and ongoing AI investments boosted search usage and ad quality.