Amazon Crushes Q2 Expectations with Strong Sales and $50B OpenAI Stake

Amazon has reported strong second-quarter results, with sales reaching $200.6 billion, up 20% year-over-year.

The company's operating income hit $27.5 billion, a 43% increase from the same period last year.

AWS revenue rose by 37%, hitting $42.2 billion, while AI and custom chip units each generated more than $25 billion in annual recurring revenue (ARR).

Amazon's capital expenditure for the full year has been raised to $220 billion, with Q3 sales guidance set at $197-$202 billion.

The company made significant investments in OpenAI, disclosing a total stake of $50 billion.