
As one of the top technology enterprises in the world, Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) will command a massive audience when it releases its second-quarter earnings report on Wednesday, July 23, after the closing bell. Analysts will be looking for earnings per share of $2.17 on revenue of $93.72 billion, a sizable lift from the year-ago quarter's print of $1.89 and $84.74 billion, respectively.
Undoubtedly, artificial intelligence will represent a hot topic for Alphabet, which owns the Google ecosystem. Earlier this year, the company revamped its iconic search engine, introducing an AI chatbot-style feature, thereby competing directly with competitors like OpenAI, which developed the popular ChatGPT. Notably, Alphabet CEO Sundar Pichai labeled the move as a "total reimagining of search."