Overview
- Amazon reported earnings per share of $1.95 on revenue of about $180.16 billion, topping Wall Street estimates.
- AWS led results with revenue up 20% year over year to $33 billion, and CEO Andy Jassy said AI is driving meaningful improvements across the business.
- The stock jumped roughly 10% to 11% to record levels, and multiple analysts raised price targets following the report.
- Amazon highlighted expanding AI capacity and products, including its Trainium2 chip, Project Rainier compute clusters, 3.8 GW of added capacity, and what Forbes described as a new $11 billion AI data center for Anthropic’s models.
- The company confirmed plans to cut roughly 14,000 corporate roles, which leadership framed as a post-pandemic efficiency move, while Forbes estimated Jeff Bezos’ net worth rose by about $24 billion on the share surge.