Amazon Stock Surges 15 Percent on Strong Q2 Results and Record Cloud Revenue

Amazon's stock surged 15 percent on July 31, 2026, after the company reported its second-quarter financial results. The results beat expectations, driven by a 37 percent year-over-year surge in AWS cloud revenue to $42.2 billion.

Total net revenue for the quarter rose 20 percent year-over-year to $200.6 billion, exceeding Wall Street estimates by $4.2 billion.

AWS operating margin reached 39 percent, while overall operating income rose to approximately $24.5 billion.

Amazon announced an increase in its full-year 2026 capital expenditure guidance from $200 billion to $220 billion to expand its artificial intelligence infrastructure.