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Amazon reports strong Q2 cloud earnings
Amazon achieved strong financial results in the second quarter of 2026, surpassing expectations with revenues reaching $200.6 billion, a 20% increase from the previous year. Net profits soared by 245% to $62.65 billion. This resurgence was driven by robust growth in the cloud computing sector, which recorded its highest growth rate in 18 quarters, particularly in the artificial intelligence and chip manufacturing divisions, each exceeding $25 billion in annual revenue. Additionally, the company's income from Amazon Web Services and advertising services increased. The results led to an 8.3% rise in the company's stock price after the market closed.
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