Alphabet’s Core Business Is Printing Cash Faster Than Regulators Can Write Fines

Quick Read GOOGL's Q2 operating cash flow hit $39B, meaning one quarter alone could cover the EU's $3.5B competition fine more than ten times. Unlike META, MSFT, or AMZN, Alphabet bundles Search, YouTube, Cloud, and AI into one platform trading at a P/E of just 15. Google Cloud's $460B contract backlog has nearly doubled quarter over quarter, providing signed-revenue cover for the $175B to $185B in planned 2026 CapEx. Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor) I bought Alphabet (NASDAQ:GOOGL) again last week. That makes it the sixth month running I have added to the position, and nothing on the horizon changes my mind.Brendan Hoffman / Getty Images My thesis fits on an index card.