Amazon.com, Inc. Q2 2026 Earnings Recap

AMZN Q2 2026 August 2, 2026

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Amazon's shares jumped nearly 20% post-earnings, driven primarily by AWS's accelerating revenue growth of 36.7% year-over-year and record backlog expansion, underscoring strong investor confidence in the company’s cloud and AI-driven growth trajectory.

Earnings Per Share Beat

$5.75 vs $1.82 est.

+215.9% surprise

Revenue Beat

200606000000 vs 197034800000 est.

+1.8% surprise

Market Reaction

1-Day +4.58%

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Key Takeaways

Total revenue reached $200.6 billion, up 20% year-over-year; operating income rose 43% to $27.5 billion.
AWS revenue grew 36.7%, marking the fifth consecutive quarter of acceleration and the fastest growth in 18 quarters.
AWS backlog surged to $496 billion, growing triple digits year-over-year, indicating strong demand visibility.
The chips business and AI revenue each surpassed $25 billion in annualized run rates, both growing triple digits year-over-year.
New AI offerings such as Amazon Bedrock Agents and Amazon Q are scaling rapidly, with AI and core workloads driving mutually reinforcing growth.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit AMZN on AllInvestView.

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