Alphabet's 2026 AI Infrastructure Spending Outpaces Wall Street by $65B

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