Although the revenue and EPS for Amazon (AMZN) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Amazon.com NASDAQ: AMZN reported second-quarter revenue of $200.6 billion, up 20% year over year excluding foreign-exchange effects, while operating income rose 43% to $27.5 billion. CEO Andy Jassy highlighted accelerating growth at Amazon Web Services, expansion in faster retail delivery and grocery offerings, and growing advertising revenue.
Amazon (AMZN) came out with quarterly earnings of $1.88 per share, beating the Zacks Consensus Estimate of $1.83 per share. This compares to earnings of $1.68 per share a year ago.
Amazon shares surged in after-hours trading Thursday after the tech giant posted its first $200 billion quarter and beat Wall Street expectations with its financial results. Growth in advertising and AWS keyed the performance, which boosted shares 9%. Revenue at AWS surged 37%, the biggest quarterly increase in more than four years.
Amazon.com Inc (NASDAQ:AMZN) shares rose about 8% in after-hours trading after the company reported second-quarter results that topped Wall Street expectations, driven by strong growth in its cloud computing business and higher operating profit. The e-commerce and cloud giant reported second-quarter earnings of $5.75 per diluted share, well above the Wall Street consensus estimate of $1.82.
Amazon Web Services surpassed analysts' growth projections. The market-leading cloud announced arrangements with Meta and OpenAI in the second quarter.
Year-over-year revenue growth for Amazon Web Services came in at 37% for the second quarter as AI drives computing demand.
@LikeFolio's Landon Swan examines Amazon's (AMZN) evolving growth story as AWS faces mounting competition from Microsoft's (MSFT) Azure. He discusses why rising cloud infrastructure spending and Amazon's investment in Anthropic may be better viewed as long-term growth drivers rather than short-term headwinds.
Amazon's capital expenditure forecast will be in focus after Alphabet boosted its guidance for the year. The online retail giant projected its capex will reach $200 billion in 2026, and some analysts believe the total could move higher in the face of surging artificial intelligence demand.
Amazon has reportedly uncovered instances of “catastrophically expensive” cost overruns caused by errors in AI deployment. That's according to a report Thursday (July 30) from the Financial Times (FT), citing multiple sources familiar with the matter.
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