Amazon reported its first-ever quarter with over $200 billion in revenue, driven by a 37% surge in AWS revenue and a 26% increase in advertising revenue. Earnings per share of $5.75 tripled Wall Street expectations, highlighting strong growth in its cloud and advertising businesses. The company also showed progress in AI and microchip operations, reaching $25 billion in annual run rates, signaling long-term viability. CEO Andy Jassy expressed optimism about future offerings, including live sports and original content on Prime Video.
Amazon reported strong Q2 2026 earnings, surpassing analyst expectations with an EPS of $1.88 and revenue of $200.61 billion, marking its first quarterly revenue above $200 billion. The growth was mainly fueled by a 26% increase in advertising revenu...
Amazon reported Q2 earnings of $5.75 per share, beating estimates of $1.82, driven by 20% revenue growth to $200.6 billion and a 43% rise in operating income to $27.5 billion. Its cloud division, Amazon Web Services (AWS), grew 37% to $42.2 billion, ...
Amazon Web Services (AWS) reported a 37% revenue increase in Q2, reaching $42.23 billion and surpassing analyst expectations of $40.54 billion. This marks AWS's fastest growth since 2021, driven by its expanding artificial intelligence business and c...
Amazon is scaling back several of its in-house AI models to concentrate on areas where it has strong business advantages, such as cloud computing, retail operations, advertising, and logistics. This strategic shift aims to leverage AI for practical e...
Amazon plans to spend around $200 billion on capital expenditures in 2026, driven by growing investments in artificial intelligence. The company reported a 77% increase in capex to $44.2 billion in Q1, with expectations to rise to $49.3 billion in Q2...
