谷歌财报：云收入247.7亿美元同比增82%，超预期

$GOOGL reported earnings today:

EPS: $9.11 actual vs $2.91 expected - retail reactions to EPS blowout is kinda just accounting noise, since $SPCX, Anthropic, and others were likely large contributors.

Revenue: $119.7B actual vs. $116.98B expected

Google Cloud Revenue: $24.77B +82% Y/Y, vs. 63-65% expected ($22.2-$22.6B) - this is a very large beat and most material part so far.

Cloud Operating Income: ~$8.81B, implying 35.6% margin vs. 32.9% Q1.

Capex: $44.92B vs ~$44.15B (basically in line).

So initial read through is Google Cloud accelerating growth with expanding margins is genuinely bullish for AI demand.

Their former $180-$190B capex guidance is already extremely large, and as long as we get around these numbers in the earnings call + forward projections...

Should be good to go for $LITE and the other optics/networking trade. (eg. last earnings, they said DC and networking would be ~40% of capex spend).

Hyperscaler earnings transcripts are probably the most important thing to pay attention to with the AI capex trade.

And that should be in 3 minutes.