- Revenue grew 20% to $200.6 billion.
- Net income increased to $62.6 billion in the second quarter, or $5.75 per diluted share.
- Sales by AWS, a major profit driver, grew 37% year-over-year, its fastest growth rate since 2022.
- Shares were up 6% in after-hours trading.
- Year-over-year revenue growth for Amazon Web Services came in at 37% for second quarter as AI drives computing demand.
- Operating income was $27.5 billion, up 43% year-over-year.
- Operating cash flow increased 33% to $161.4 billion for the trailing twelve months.
- Free cash flow decreased to an outflow of $7.6 billion for the trailing twelve months.
- AWS net sales increased 37%—its fastest growth in 18 quarters—to a $169 billion annualized revenue run rate.
- Advertising had another strong quarter with 26% year-over-year growth.
- Amazon exceeded a $25 billion annual revenue run rate for AWS’s AI business, growing triple-digit percentages year-over-year.
Amazon's second-quarter earnings report revealed a 20% revenue growth to $200.6 billion and a net income of $62.6 billion, or $5.75 per diluted share, compared to $18.2 billion in the same quarter last year.12
The AWS segment was a significant contributor, with sales increasing 37% year-over-year to $42.2 billion, marking its fastest growth in 18 quarters. This surge in AWS sales is attributed to the rising demand for AI-driven computing, as the segment exceeded a $25 billion annual revenue run rate for its AI business, growing at triple-digit percentages year-over-year.911
Overall, operating income rose to $27.5 billion, a 43% increase from the previous year, while operating cash flow increased 33% to $161.4 billion for the trailing twelve months.67
Analysts noted that both revenue and net income figures were ahead of expectations, contributing to a 6% rise in shares during after-hours trading.4
Additionally, Amazon's advertising segment also performed well, achieving 26% year-over-year growth.10
“Amazon's AWS segment saw a remarkable 37% year-over-year growth, marking its fastest rate in 18 quarters, contributing significantly to the overall revenue. Additionally, advertising revenue grew by 26%, showcasing strong performance across multiple business segments.”
WSJ
