Amazon AWS Q2 Revenue Climbs 37% to $42.2B, Operating Income Up 64% Fueled by AI Demand
Covered by 3 sources
Amazon's AWS division posted a 37% year-over-year revenue increase to $42.2 billion and a 64% rise in operating income to $16.6 billion in Q2, driven by strong enterprise AI demand and integration of external AI models. The company raised its 2026 capital expenditure forecast to $220 billion to expand AI data centers and custom chip development, leading to negative free cash flow but boosting investor confidence and Amazon's market value.