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Amazon Q2 profits rise on cloud growth
Amazon's profits in the second quarter of 2026 surpassed analyst expectations thanks to strong growth in its cloud computing business, achieving revenues of $200.61 billion and earnings per share of $5.75, compared to lower forecasts. Revenue from the AWS (Amazon Web Services) division increased by 37% year-over-year, reflecting robust performance, with its revenue exceeding $42 billion. The company forecasted revenues between $197 billion and $202 billion for the current quarter, which is below market expectations of $204.1 billion due to a change in the timing of the "Prime Day" promotional event. Amazon is also focusing on expanding its electronics chips and artificial intelligence businesses, noting that its "Tranium" and "Grafton" divisions each surpassed $25 billion in annual revenue, highlighting the strength of its investments in AI technologies and internal innovations.
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