Core Insights - Alphabet's expanding Pixel portfolio is anticipated to enhance its presence in the smartphone and wearables market, contributing to revenue growth [1][10] - Google subscriptions, platforms, and devices revenues reached $11.2 billion in Q2 2025, reflecting a year-over-year increase of 20.3%, which is expected to bolster Google Services revenues [1][10] - Google Services revenues grew 11.7% year-over-year to $82.54 billion, making up 85.6% of total revenues for Q2 2025 [1][10] Product Developments - The latest Pixel 10 series, including Pixel 10, Pixel 10 Pro, and Pixel 10 Pro XL, is powered by the Google Tensor G5 chip and features advancements like a refined camera bar and built-in Qi2 wireless charging [2] - The Pixel 10 Pro Fold is highlighted as the most durable foldable phone yet, featuring a new gearless hinge that is twice as durable as its predecessor [2] - The Pixel Watch 4 introduces a domed Actua 360 display and supports standalone Satellite Communication, with a 25% longer battery life and faster charging capabilities [3] - The Pixel Buds 2a are smaller and lighter, offering Active Noise Cancellation and powered by Tensor A1 with enhancements from Google AI [3] Revenue Projections - The expanded Pixel portfolio is expected to drive demand for Google AI, with the Zacks Consensus Estimate for Q3 2025 Google Services revenues projected at $84.51 billion, indicating a 10.5% growth from the previous year [4] Competitive Landscape - Alphabet faces significant competition from Apple and Garmin in the smartphone and wearables market [5] - Apple is leveraging its growing adoption of Apple Intelligence across its devices, which is expected to enhance iPhone upgrades and increase its installed base [6] - Garmin's Venu and vivoactive smartwatch series are gaining traction due to new health features, with expectations of over 25% year-over-year growth in fitness revenues for 2025 [7] Stock Performance and Valuation - Alphabet's shares have appreciated 9.7% year-to-date, underperforming the broader Zacks Computer and Technology sector's return of 12.5% [8] - The Zacks Consensus Estimate for 2025 earnings is projected at $10 per share, reflecting a 24.4% growth from fiscal 2024 [12] - Alphabet's stock is trading at a forward 12-month price/sales ratio of 6.9X, compared to the sector's 6.67X, indicating a premium valuation [15]

Pixel can now translate phone calls in real time. And Jimmy, we do this in your own voice, inflections, and everything. Okay, Karen.All right, so we'll turn on the translation feature. I head to call assist voice translate. Choose the language.And call is translated by Google AI in each speaker's voice. Audio is not saved. [Music] Hi Karen, can you hear me.Does this work. Hello. And the crazy person listening to you in Spanish.Okay, this is really cool. I can't believe how fast it's working. [Applause] They ...