Alphabet's 2026 AI Spend Guidance Beat Wall Street Estimates by Up to $65 Billion

Alphabet's February 2026 capital expenditure guidance of $175–185 billion exceeded the analyst consensus of roughly $119.5 billion by $55–65 billion — a gap of nearly 50%. The company's Q2 2026 CapEx of $44.9 billion, disclosed July 22, confirms spending is tracking toward the midpoint of that range, almost entirely on AI technical infrastructure.