Amazon's Q2 revenue exceeded expectations, and the stock price surged over 9% in after-hours trading
Amazon released its Q2 financial report, with revenue and cloud business growth exceeding expectations. Earnings per share were $5.75, total revenue was $200.61 billion, and AWS revenue surged 37% year-on-year to $42.2 billion. The stock price rose over 9% in after-hours trading. CEO Andy Jassy stated that the AI and self-developed chip businesses are thriving, with annualized revenue exceeding $25 billion each
Amazon released its second-quarter financial report, with revenue and cloud business growth both exceeding market expectations, leading to a post-market stock price surge of over 9%.
The following is a comparison of the company's actual performance against the consensus expectations from Refinitiv (LSEG) analysts:
Earnings per share: $5.75, significantly higher than the market expectation of $1.82.
Total revenue: $200.61 billion, expected $196.47 billion.
Amazon Web Services (AWS): $42.2 billion, expected $40.54 billion.
Advertising business: $19.81 billion, expected $19.43 billion.
In this quarter, Amazon's cloud business revenue surged 37% year-on-year, exceeding Wall Street's growth expectation of 31%. Amazon CEO Andy Jassy stated in the earnings announcement that this is the highest growth rate for this business segment in 18 quarters.
Jassy noted that the AWS business is "thriving," highlighting the artificial intelligence business and self-developed chip segment, both of which have annualized revenues exceeding $25 billion. Amazon increasingly emphasizes its self-developed chip business (including the Trainium training chips and Graviton general-purpose processors) as a new growth pillar; AI products such as the Bedrock model marketplace are primarily launched for enterprise customers.
For the ongoing quarter, Amazon provided a revenue guidance range of $197 billion to $202 billion, with analysts' consensus expectation at $204.1 billion
