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Amazon.com Q2 Earnings Call Highlights
MarketBeat16d agoneutral
Amazon.com Q2 Earnings Call Highlights

Amazon.com (NASDAQ:AMZN) reported second-quarter revenue of $200.6 billion, up 20% year over year excluding foreign-exchange effects, while operating income rose 43% to $27.5 billion. CEO Andy Jassy highlighted accelerating growth at Amazon Web Services, expansion in faster retail delivery and groce

Amazon beats expectations with cloud and AI growth
AFP16d agobullish
Amazon beats expectations with cloud and AI growth

Amazon beat analysts' expectations on Thursday when it reported growth in overall revenue and sales, particularly in its cloud, artificial intelligence and chips divisions. The company meanwhile said that two of its AI-related divisions grew by "triple-digit percentages" -- its AI cloud and chips businesses each "exceeded" $25 billion annual revenue run rates, a measure of recurring sales. 

Amazon Gains in Postmarket After Earnings Report
Bloomberg16d agoneutralVIDEO
Amazon Gains in Postmarket After Earnings Report

Amazon 2Q earnings beat Wall Street estimates Tuesday, sending stocks climbing in after hours trading. The company reporter its 5th straight quarter of cloud share growth, the 37% increase being the fastest for Amazon since the end of 2021. Bloomberg Intelligence Senior Analyst for E-Commerce Poonam Goyal, and Bloomberg Intelligence Senior Technology Analyst Anurag Rana break down the earnings numbers as they roll in.

Amazon CEO: AWS could be a 'trillion-dollar' business
Yahoo Finance Video16d agoneutralVIDEO
Amazon CEO: AWS could be a 'trillion-dollar' business

Amazon (AMZN) CEO Andy Jassy explained on the company's earnings call that while the company expects to spend approximately '$220 billion in cash capex in 2026' to meet soaring demand, he believes AWS could 'very possibly be a trillion-dollar annual revenue business for us in time.'

Investing.com16d agobullish
Amazon tops Q2 revenue estimates as AWS growth surges, shares rally

Investing.com --Amazon beat Wall Street estimates for second-quarter revenue on Thursday as accelerating growth in its cloud computing business helped offset continued heavy spending on artificial intelligence, sending its shares rallying nearly 10% in after-market hours. but its third-quarter sales forecast came in below analysts’ expectations.

Amazon revenue soars as AI investments pay off
Axios16d agobullish
Amazon revenue soars as AI investments pay off

Amazon's AI cloud business soared in the second quarter, driving far higher revenue than expected, though the company's free cash flow also turned negative as it invests heavily in the business.

Amazon beats estimates for quarterly cloud revenue growth
Reuters16d agobullish
Amazon beats estimates for quarterly cloud revenue growth

Amazon.com topped market expectations for quarterly cloud revenue growth on Thursday on the back of surging enterprise AI spending, signaling the company's hefty investments ‌were bearing fruit. Revenue at its cloud computing unit, Amazon Web Services, jumped 37% ‌to $42.2 billion in the second quarter ended June 30, compared with analysts' consensus estimate of a 31.21% increase, according to ​data compiled by LSEG. Amazon said it burned $7.6 billion of cash on a trailing twelve months basis in the second quarter, compared to $18.2 billion in free cash flow a year earlier.