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Amazon Stock Soars on Blowout Earnings Report

Guavy AI Editorial Team
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Amazon's stock surged 6.8% in after-hours trading to $251.46, beating analyst expectations with a Q2 2026 earnings report.

The company reported total revenue of $200.6 billion, a 20% year-over-year increase, and earnings per share of $5.75, far exceeding the consensus estimate of $1.82.

Amazon's cloud division, AWS, saw its fastest growth in 18 quarters with a 37% year-over-year revenue surge to $42.2 billion, topping analyst forecasts.

CEO Andy Jassy described AWS as 'booming,' citing AI and custom chips businesses exceeding annual revenue run rates of over $25 billion.

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