Overview
- Amazon reported second-quarter revenue of $167.7 billion and earnings per share of $1.68, topping analyst expectations of $162 billion and $1.33.
- AWS revenue climbed 18% to $30.87 billion, sustaining its lead in cloud infrastructure despite intensifying competition and capacity constraints.
- Online store sales rose 11% to $61.4 billion, with CEO Andy Jassy noting that U.S. tariffs have not dented consumer demand or forced price increases.
- Advertising revenue surged 23% to $15.6 billion as brands allocate more performance-marketing budgets to Amazon’s platform.
- Amazon forecast third-quarter net sales between $174 billion and $179.5 billion and reaffirmed plans for up to $100 billion in 2025 capital expenditures for AI infrastructure.