Amazon earnings surge from AWS and AI

In late July, analysts projected that Amazon would post a strong second‑quarter earnings report, citing rapid growth in its cloud division and a sizable mark‑to‑market gain from its 21 % stake in AI startup Anthropic. The forecast also highlighted a ten‑fold profit increase for Amazon Web Services India.

A week later, Amazon confirmed the outlook, reporting a 37 % year‑over‑year rise in AWS revenue to $42.2 billion and robust e‑commerce and advertising performance. The company emphasized a $496 billion cloud backlog and a $220 billion capital‑expenditure plan. Alongside Amazon’s results, product‑analytics firm Amplitude announced strong AI‑driven growth, underscoring the broader tech sector’s momentum.

Together, the snapshots trace the shift from anticipated earnings uplift driven by cloud expansion and AI investments to the actual delivery of record‑high AWS revenue and related AI‑focused business gains.