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Google just had its first negative cash flow quarter due to massive "AI" spending (arstechnica.com)

submitted 4 days ago by technocrit@lemmy.dbzer0.com to c/fuck_ai@lemmy.world

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Google has reported its financial results for the second quarter of 2026 (PDF), and as usual, the search giant raked in an unfathomable amount of money. Google saw total revenue of $119.8 billion, beating analyst expectations by a comfortable margin. Despite that, the company’s stock has taken a hit. Along with all that revenue, Google has announced a further increase in its AI-fueled capital expenditures (or capex). The company is actually spending so much on AI infrastructure that it has negative cash flow for the first time.

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[-] crimsonsky@lemmy.world 15 points 4 days ago

Let's not forget that fat ass fine by EU

[-] HailSeitan@lemmy.world 4 points 2 days ago

1/120th of their revenue?

[-] crimsonsky@lemmy.world 2 points 2 days ago

I mean they gotta start somewhere. Setting a precendent like this will go a long way for the big tech.

[-] HailSeitan@lemmy.world 2 points 2 days ago

I agree it’s a beautiful thing, just not sure it’s the explanation of their negative cash flow right now

[-] crimsonsky@lemmy.world 0 points 2 days ago

I didn't say it's a reason behind their negative cash flow, I said let's not forget about it

this post was submitted on 24 Jul 2026

226 points (100.0% liked)

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