Alphabet (GOOG) (GOOGL) is scheduled to report its Q2 earnings after market close on July 22 — and the data landscape heading into the print paints a picture of a company operating at an inflection point between explosive growth and unprecedented capital intensity.
The stock closed Friday at about $354, down roughly 3% on news that Google’s Gemini 3.5 Pro AI model has been delayed due to underwhelming internal performance benchmarks — yet shares remain up some 10% year-to-date and 87% over the trailing 12 months.