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.
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79 Articles
Amazon lifts investment plans after strong cloud sales
Amazon delivered its strongest cloud growth in more than four years and raised its annual capital spending forecast, bolstering its argument that heavy investment in AI is generating sufficient demand to warrant the outlays.
Amazon achieved its first-ever quarterly revenue of $200 billion driven by strong performance in its cloud business. While operating profit and net profit increased significantly due to substantial expansion of investment in generative AI infrastructure, free cash flow turned into a deficit due to a surge in capital expenditure costs.
The company, founded by Jeff Bezos, had a net gain of $62,600 million in the second quarter, representing an annual increase of 244%.
Amazon won $92,902 million between January and June of this year, 163% more than in the same semester of 2025.
My Mother Lode
The Seattle TimesAmazon reports strong profits and net sales for Q2, fueled by robust growth in cloud computing unit
NEW YORK (AP) — Amazon delivered strong profits and net sales during its fiscal second quarter, helped by surging growth in its prominent cloud computing unit. The e-commerce and technology company said Thursday that sales in its cloud computing unit called AWS rose 37% during the April-June period, faster than the 28% clip in the...
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