Overview

• Wall Street models a $162.08 billion second-quarter topline, marking 9.5% growth, and forecasts earnings per share of $1.33.
• Amazon Web Services is projected to post about 17% revenue growth in Q2 while underpinning roughly 60% of the company’s operating profit.
• Analysts at Morgan Stanley, UBS and others have lifted price targets, pointing to eased China tariff threats and record Prime Day sales as drivers of renewed confidence.
• Amazon’s 2025 capital expenditure is now seen topping $110 billion to boost data‐center capacity for traditional cloud services and generative AI workloads.
• Options pricing suggests Amazon shares could swing by as much as ±5% through the end of the week following Thursday’s earnings release.