Amazon Crushes Q2 Estimates: $200.6B Sales, $5.75 EPS, AWS Growth Hits 37%
AMZN sits 28% above its 52-week low of $196 on elevated volume (1.8× avg).
Summary
Amazon delivered a massive Q2 beat, with net sales of $200.6B surpassing the $196.47B consensus and adjusted EPS of $5.75 nearly tripling the $1.82 estimate, boosted by Anthropic investment gains. AWS segment sales surged 37% year-over-year, its fastest growth in 18 quarters, driven by AI and cloud demand. CEO Andy Jassy highlighted that AI and chips businesses each exceeded $25B annualized run rates, growing triple-digit percentages. Advertising revenue also impressed, up 26%. The company guided Q3 net sales to $197B-$202B, representing 9%-12% growth, with operating income expected between $22.5B and $26.5B, factoring in an 80 basis point FX headwind. This follows a series of aggressive AI infrastructure moves, including a $40B bond raise and a $200B data center commitment, underscoring Amazon's deepening AI monetization.
At the time of this announcement, AMZN was trading at $250.56 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.5T. The 52-week trading range was $196.00 to $278.56. This news item was assessed with positive market sentiment and an importance score of 10 out of 10. Source: Reuters.