Google Cloud Just Grew 82%. Here's Why Amazon and Microsoft Investors Should Pay Attention Before This Week's Earnings.

Google Cloud reported impressive 82% year-over-year revenue growth in Q2 2026, reaching $24.8 billion with operating income tripling to $8.8 billion. This acceleration puts pressure on Amazon's AWS and Microsoft's Azure to demonstrate strong cloud growth in their upcoming earnings reports, as both companies are investing heavily in AI infrastructure capex and investors want to see returns on these massive expenditures.