Amazon posts Q2 revenue beat, accelerating cloud growth
AWS revenue rose 37% to $42.2 billion as Amazon said enterprise AI demand and major cloud deals drove its strongest quarterly growth in more than four years.
- Amazon reports second-quarter 2026 earnings today with analysts estimating $196.4B revenue and $1.82 EPS, while management guided a $194 billion to $199 billion range.
- Investors are focusing on Amazon Web Services growth as the company pursues a $200B AI infrastructure buildout, with cloud expansion central to validating the capex thesis amid chip partnerships.
- AWS revenue is expected to sustain 28% growth, while Amazon's chip business hit a $20B+ run rate with OpenAI and Anthropic each committing gigawatts of Trainium capacity starting 2027.
- Amazon shares closed yesterday at $226.65, down 5.62% over the past month, as the stock trades 3.2% below its 20-day moving average amid broader market pressure.
- AWS sustaining 28% growth is critical to silence capex-bubble critics, while Chief Executive Andy Jassy framed the moment bluntly: "We're in the middle of some of the biggest inflections of our lifetime.
100 Articles
100 Articles
Amazon shares soar most since 2012 on cloud sales growth
Amazon.com Inc. shares surged the most since 2012 after the company reported accelerating cloud-computing revenue, easing investors’ concerns that it won’t produce a return on huge expenditures to meet the booming demand for artificial intelligence. Revenue jumped 37% to $42.2…
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In an earnings call key to soothing skittish investors, the world’s biggest company by revenue arrived with its head in the clouds. And that was just fine by Wall Street. Shares of Amazon jumped as much as 9% in after-hours trading Thursday after second-quarter earnings results that included rip-roaring cloud revenue, demonstrating the world still can’t get enough compute. Investors took it as a sign that generating a return on enormous artifici…
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