Thursday 23 July 2026
Top stories today:
Alphabet Q2 revenue +24% YoY to $119.8B, net income +298%
Samsung unveils Galaxy Z Fold 8 Ultra with Flex Titanium screen
Tesla Q2 free cash flow hits -$1.1B, 1st negative since 2024
IBM Q2 revenue +1% YoY to $17.2B, net income -1% to $2.2B
Kimi K3 developed using Anthropicās Fable: White House
0. Data & Calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Alphabet Q2 revenue +24% YoY to $119.8B, vs. $116.9B est., net income +298%
+30% in Q2 operating income to $40.8B.
$99B in gains on equity securities, including AI investments such as SpaceX and Anthropic, contributing $77B to net income.
+13% in YouTube ad revenue to $11.06B.
+14% in Google ad revenue to $81.63B.
$195B-$205B is the new 2026 capex forecast, up from up to $190B projected in April; Q2 capex +100% to $44.9B.
-$5.9B in Q2 free cash flow, marking its first cash burn since going public, amid increased AI spending.
Google Cloud revenue in Q2 was +82% YoY to $24.8B vs. $22.4B est.
$514B Google Cloud backlog, up from ~$460B in Q1.
Googleās Gemini now has 950M MAUs
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3. Samsung unveils $2,100 Galaxy Z Fold 8 Ultra with āmost advancedā design, Flex Titanium display
Samsung has also unveiled the $1,900 Galaxy Z Fold 8, featuring a wider 7.6ā inner display
Samsungās $1,200 Galaxy Z Flip 8 debuted with a lighter, smaller and slimmer design.
All 3 models come with silicon-carbon batteries and will go on sale on Aug. 7.
Samsung also unveiled the Galaxy Watch 9 and Ultra 2 smartwatches with a Snapdragon Wear Elite chip.
Separately, Samsung has teased smart glasses developed with Google, Warby Parker, and Gentle Monster
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5. Tesla Q2 free cash flow hits -$1.1B, 1st negative since 2024, partly due to AI and robotics investments
Teslaās Q2 revenue was +26% YoY to $28.2B, while net income was -5%
+16% QoQ in Teslaās Full Self-Driving (Supervised) subscriptions to 1.5M subscribers in Q2.
6. The Future of Weed Control Is Autonomous*
What Replaces Roundup?
The next agricultural transition may not be bigger tractors. It may be autonomous robots replacing herbicides entirely. Greenfield Robotics is building commercial systems designed for that future.
Greenfield Robotics is Testing The Waters under tier 2 of Regulation A. No money or other consideration is being solicited, and if sent in response will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the company with the SEC has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification. An indication of interest involves no obligation or commitment of any kind. āReservingā shares is simply an indication of interest. There is no binding commitment for investors that reserve shares in this manner to ultimately invest and purchase the shares reserved of the company, or to purchase any shares of the company whatsoever.
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