Alphabet, Google’s parent company, will release its second-quarter financial results on July 23, amid growing investor concerns.

The company faces rising competition from AI rivals like OpenAI and Perplexity, which have launched browsers to challenge Google’s dominance in search.

Alphabet is also dealing with a US court case that could affect the future of Google Chrome.

To stay competitive, Alphabet has rolled out AI-powered tools like AI Overviews, attracting about 1.5 billion monthly users.

It has expanded its Gemini models to enterprise customers and boosted its AI-driven ad capabilities.

Analysts expect an 11% year-over-year revenue increase, with advertising up 7.5% and cloud revenue growing 26.2%. The projected per-share earnings are US$2.18.

Recent Alphabet developments