Jul. 30 at 10:28 PM
Amazon shares surged in after-hours trading after reporting strong Q2 2026 results. Revenue rose 20% year-over-year to
$200.6 billion, topping analyst expectations of about
$196 billion, while EPS reached
$5.75, far above the
$1.82 consensus, helped by a
$53.4 billion pre-tax gain tied to its Anthropic investment.
AWS was the standout performer, with revenue jumping 37% to
$42.2 billion, its fastest growth in 18 quarters and above expectations. CEO Andy Jassy said AWS is “booming,” noting that both Amazon’s AI business and custom chip business now generate annualized revenue exceeding
$25 billion each.
Adding to the positive momentum, Amazon’s Zoox unit received federal approval to deploy up to 2,500 purpose-built autonomous robotaxis annually, paving the way for commercial rides in Las Vegas. Strong cloud growth, AI demand, the Anthropic-related gain, and the Zoox regulatory milestone fueled the stock’s after-hours rally.
$AMZN