Google parent company releases second quarter financial report, operating profit exceeds market expectations
As of 11:12 on July 23, the market was volatile and divided, with Hang Seng Technology ETF (513580) rising 0.34%. In terms of component stocks, Meituan-W rose 4.12%, Lenovo Group rose 3.49%, BYD Electronics rose 2.47%, and Tongcheng Travel rose 1.86%.
As of 11:12 on July 23, the market was volatile and divided. (513580) rose 0.34%. In terms of constituent stocks, up 4.12%, up 3.49%, up 2.47%, up 1.86%. On the news, Alphabet released its second quarter financial report, with revenue of US$119.8 billion, a year-on-year increase of 24%, and operating profit of US$40.77 billion, exceeding market expectations; net profit included US$99 billion in unrealized equity gains, reaching US$112.1 billion, and diluted earnings per share of US$9.11, much higher than the same period last year. , resulting in negative free cash flow of $5.9 billion for the first time in history. The company also raised its full-year capital expenditure forecast to $195 billion-205 billion from $180 billion-190 billion. The CFO said that AI demand is strong and production capacity is still in short supply. Analysts were concerned about negative cash flow and a surge in expenses, and the stock price fell more than 3% after hours. To support investment, the company raised US$49.6 billion in shares and US$20.3 billion in bonds in June, and announced a dividend of US$0.22 per share. The CEO said AI investment is redefining business possibilities. Relevant research institutions stated that intelligent computing infrastructure and AI-related fields will be the focus of future investment. In particular, companies with core barriers in inference acceleration, heterogeneous computing, basic software, and industry intelligence deserve attention. At the same time, they should seize opportunities for domestic substitution and prioritize key links that can keep up with technology iterations.