Amazon Q2 2026: AWS Grew 37% and AMZN Jumped 15.32% — But Look Where the Profit Came From

Описание: Amazon posted $5.75 a share against the ~$1.83 Wall Street expected — and $53.4B of that was non-operating income, mostly a paper gain on its stake in AI lab Anthropic. Not the shops. Not the cloud.

AWS grew 37% to $42.2B, its fastest in years, while North America retail grew 16% to $116.2B and the rest of the world grew 15%. Revenue overall: $200.6B, up 20%. The stock rose 15.32% in the session after the release on 2.47x normal volume.

Also in this report:
Why the forward multiple goes UP, not down, from about 22x trailing real-world profit of $12.43 a share
58 of 60 analysts say buy, none say sell, median target $325 (bull case $405, bear case $230) after a 21.34% year
$161.4B of cash from the business over the last twelve months
Two things management flagged: memory chip prices pushing capital spending higher with still not enough capacity, and Prime Day timing making next quarter look slower

One quarter, made legible in about three minutes.

0:00 The headline
0:34 The numbers
1:15 Where the money came from
1:41 What Wall Street says
2:04 What you pay for it
2:26 The big question
2:39 What to watch
3:04 Wrap-up

For informational purposes only. Not investment advice.
Sources: SEC 8-K EX-99.1 (filed Jul 30, 2026) · Yahoo Finance
Every episode is reviewed before publication.