Stocks
Amazon Soars on Strong Q2 Earnings and AI-Fueled Growth
Amazon.com Inc.'s stock surged by 2.16% as investors reacted positively to the company's Q2 2026 earnings report, which showed accelerating growth in AWS and AI services.
The company reported a 20% year-over-year increase in net sales to $200.6B, with operating income jumping 43% to $27.5B. AWS growth re-accelerated to 37%, driven by cloud sales of $42.23B and an operating income of $16.62B.
Management claims that Amazon is 'unusually well positioned' for the AI wave, with a $496B order backlog and a $25B custom-chip revenue run-rate. The company has also raised its FY26 capex plan to $220B, largely for AI and data centers.