Amazon shares jump as AWS growth and Anthropic gain lift earnings

Amazon (NASDAQ: AMZN) reported $62.6 billion in second-quarter net income after a sharp rise in the value of its Anthropic holding added billions to the result. Profit reached $5.75 per diluted share, compared with $18.2 billion, or $1.68 per share, one year earlier.

The 2026 figure included $53.4 billion in pre-tax income outside normal operations, mainly from Anthropic. Amazon shares gained more than 10% after regular trading ended.

Quarterly revenue was up to $200.61 billion, exceeding the $196.47 billion anticipated by analysts polled by LSEG. Net sales increased by 20% compared to $167.7 billion posted in Q2 2025, according to Amazon.

With currency impacting revenue only by $100 million, sales growth was 20% without this effect. Wall Street projected earnings of $1.82 per share, but the sizable capital gain reported by the company makes the comparison less straightforward.

Amazon turns AI demand into faster AWS growth and higher operating profit

The sales figures for Amazon Web Services stood at $42.2 billion, exceeding the expected StreetAccount estimates of $40.54 billion. The revenue from AWS saw an increase of 37% compared to the previous year. Advertising was reported at $19.81 billion, which is greater than the StreetAccount estimate of $19.43 billion and increased by 26%.

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