Amazon's Q2 Earnings Soar on Cloud and Advertising Growth

Amazon's stock price eased slightly after the company reported strong second-quarter earnings for 2026, driven by growth in cloud services and advertising.

The e-commerce giant delivered double-digit revenue growth of 20% year-over-year, surpassing Wall Street estimates with a Q2 2026 revenue of $200.6 billion.

Operating income rose sharply to $27.5 billion, up 43% from the same period last year, as Amazon's cloud business continued to expand rapidly.

The company raised its full-year 2026 cash capital expenditures forecast to $220 billion from a previous plan of $200 billion, reflecting higher memory costs and ongoing investment in artificial intelligence and cloud infrastructure.