In the second quarter ended June 30, net sales at Amazon rose 20%, to $200.6 billion, and net income more than tripled to $62.6 billion (a gain that includes $53.4 billion in non-operating pre-tax other income, primarily from the company's investment in Anthropic).
North American sales rose 16%, to $116.2 billion, and international sales rose 15%, to $42.2 billion, but the biggest gain was at AWS, the company's cloud computing and web services provider, where sales climbed 37%, to $42.2 billion.
The gains in sales and net income were above analysts' expectations. And while some investors have been concerned about tech companies' huge investments in AI and data centers, they appear to approve Amazon's capital expenditure estimates of more than $200 billion for 2026 because of the gains in AWS sales. As a result, in after-market trading, Amazon stock jumped about 13%, to $266 a share.
Amazon president and CEO Andy Jassy said, "AWS is booming, growing 36.7% year-over-year in Q2--our fastest growth in 18 quarters--and our AI and Chips businesses each eclipsed run rates of more than $25 billion. In Stores, we again set record delivery speeds for Prime members in the first half of the year--over 40% more items delivered same-day or overnight, with Grocery and Everyday Essentials growing meaningfully faster than the rest of the business. And, Advertising had another strong quarter with 26% year-over-year growth. There's a lot to be excited about, and we have much more coming for customers in the second half of the year and beyond."
Amazon predicted that in the third quarter net sales will grow between 9% and 12%, to $197 billion-$202 billion.