Amazon Reports Strong Q2 Earnings with Revenue Growth and AI-Driven AWS Expansion
Amazon reported strong second-quarter results for 2026, with revenue rising 20% year over year to $200.6 billion and operating income increasing by 43% to $27.5 billion. The growth was supported in part by approximately $1.2 billion in expense benefits from tariff refunds and energy-contract valuation changes. AWS continued its rapid expansion, with revenue growing 36.7% year over year to $42.2 billion. CEO Andy Jassy highlighted a backlog of $496 billion for AWS and noted that AI-related revenue had surpassed an annualized run rate of $25 billion. Amazon also plans significant capital expenditures in 2026, with expected spending reaching approximately $220 billion to support its cloud infrastructure and AI initiatives. Retail performance was robust as well, including a more than 40% increase in same-day and overnight deliveries and stronger grocery engagement. Advertising revenue rose by 26% year over year to $19.8 billion.
Topics: aws_growth capital_expenditures operating_income revenue