Bank of America Doubles Down on Google Stock Ahead of Earnings As Alphabet prepares to release its Q2 2026 earnings report on July 22, investors are closely examining every detail.
One aspect that has flown under the radar is the $80 billion boost to Q2 operating income from an unlikely source: Alphabet's stake in Anthropic.
This phenomenon first appeared in Q1 2026, where nearly half of Alphabet's record net income came from marking up equity stakes rather than core business performance. The numbers are striking: a $62.