Amazon.com, Inc. (AMZN) Earnings Call Summary — Q2 FY26
Amazon is the everything store online, plus AWS — the world's biggest cloud-computing business and its main profit engine.
Amazon.com, Inc. (AMZN) reported Q2 FY26 results on July 30, 2026. Earnings per share came in at $1.88 against a $1.82 consensus, so the company beat on the bottom line. Revenue of $200.61B landed above the $197.03B estimate. AMZN has beaten consensus EPS in 8 of its last 8 reported quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
Chief Executive Officer: “We're reporting $200.6 billion in revenue, up 20% year-over-year.”
Chief Financial Officer: “Starting with our top-line financial results, worldwide revenue was $200.6 billion, a 20% increase year-over-year, excluding the impact of foreign exchange.”
Analyst, J.P. Morgan: “Brian, many have assumed that AI workloads would be lower margin, at least near term.”
Chief Financial Officer: “Yes, we're pleased with the growth in both revenue and also margin expansion that we had in AWS in Q2, especially given the size of our business.”
Analyst, Bank of America: “Just thinking about the AWS acceleration, was that really driven by a lot of capacity coming online in the quarter?”
What moved the stock
AMZN reported Jul 30. The highlights: EPS of $1.88 — a beat vs the $1.82 estimate (+3%); revenue of $200.61B — in line with the $197.03B consensus. Focus now shifts to AWS growth, retail margins, and capex commentary.