Quick Read – Apple (AAPL) and Amazon (AMZN) both grew ~17%, but Apple returned cash via a $100B buyback while Amazon’s free cash flow collapsed 95%. – AWS grew 28%, its fastest pace in 15 quarters, but Amazon’s $200B capex plan means any demand wobble risks fast, severe multiple…
mpression. – Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) just posted quarters that read like philosophical opposites. Apple booked $111.2 billion in Q2 FY26 revenue with an eighth consecutive EPS beat
Amazon rang up $181.52 billion in Q1 FY26 and reaffirmed a $200 billion 2026 capex plan. Both grew roughly 16.6%. Only one is returning the cash. iPhone 17 Carries Apple.
AWS Reacceleration Carries Amazon. Apple leaned on the iPhone 17 family, which drove iPhone revenue to $56.99 billion, a March quarter record. Services hit an all-time high at $30.98 billion with a 76.7% gross margin.