Amazon reports 20% sales growth to $200.6B and 43% operating income rise to $27.5B for Q2.
Amazon shares jumped over 11% in premarket trading following a stronger-than-expected second-quarter earnings report. The company posted a 20% increase in sales to $200.6 billion, while operating income rose 43% to $27.5 billion.
AWS revenue climbed 37% to $42.2 billion, outpacing expectations. The results follow a period of cost-cutting and renewed focus on profitability, contrasting with slower growth in prior quarters.
Amazon also announced plans to increase AI-related spending, signaling confidence in future demand.