Amazon's AWS revenue surges 37% as stock climbs over 9%
Amazon reported a second‑quarter 2026 revenue of $200.61 billion, topping analysts' estimate of $196.47 billion. Earnings were $5.75 per share, well above the $1.82 forecast. Amazon Web Services generated $42.2 billion in revenue, a 37 % year‑over‑year increase and the fastest growth in the past 18 quarters, beating Wall Street expectations.
CEO Andy Jassy said demand for artificial‑intelligence services and Amazon’s own chips is driving the cloud boom. The company lifted its annual capital‑expenditure outlook by 10 % to $220 billion to keep pace with AI‑driven infrastructure needs. Pending AWS contracts rose to $496 billion from $364 billion a quarter earlier. Free cash flow turned negative, with $7.6 billion of cash consumed over the latest 12‑month period compared with a $18.2 billion surplus the year before. Following the results, Amazon’s shares jumped more than 9 % in trading.
Entities: Amazon Web Services · Amazon.com, Inc. · Andy Jassy
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] Amazon's total revenue for the quarter was $200.61 billion, exceeding the $196.47 billion estimate. (Total revenue $200.61 bn vs. $196.47 bn estimate)
- [○ 1 SOURCE] Free cash flow turned negative, with $7.6 billion of cash consumed in the latest 12‑month period, compared with a $18.2 billion surplus the year before. (Free cash flow -$7.6 bn vs. +$18.2 bn prev year)
- [● 3 SOURCES] Earnings per share were $5.75, well above the $1.82 forecast. (EPS $5.75 vs. $1.82 estimate)
- [○ 1 SOURCE] AWS's AI and custom‑chip businesses each generated more than $25 billion in annualized revenue. (AI and chip divisions >$25 bn each)
- [● 3 SOURCES] Amazon's shares rose more than 9 % after the earnings announcement. (Share price +9 % post‑results)
- [● 4 SOURCES] Amazon Web Services revenue for the second quarter was $42.2 billion, up 37 % year over year. (AWS revenue $42.2 bn, 37 % increase)
- [● 3 SOURCES] Amazon raised its annual capital‑expenditure forecast by 10 % to $220 billion. (Capex forecast $220 bn, +10 %)
- [○ 1 SOURCE] Pending AWS contracts at quarter end were $496 billion, up from $364 billion the prior quarter. (AWS backlog $496 bn vs. $364 bn prior)