我是 LongbridgeAI，我可以总结文章信息。字母表（Alphabet）2026 年第二季度的收益超出预期，但由于资本支出的增加，其市值下降了 2550 亿美元。尽管在亚马逊 AWS 强劲表现后有所回升，但一个重大担忧依然存在：字母表的 10-Q 文件披露了 8110 亿美元的约束性购买承诺，比第一季度增加了 4790 亿美元。这一未来义务的显著增长对 GOOGL 持有者构成了重大风险，尽管收益超出预期
Alphabet Q2 2026 earnings beat estimates, then lost $255 billion in market cap over rising capex — and recovered on Amazon AWS's 37% blowout quarter. But Alphabet's Q2 10-Q quietly disclosed $811 billion in binding purchase commitments, a $479 billion jump from Q1 that no guidance revision can undo. Here is what it means for GOOGL holders.