- Amazon reported better-than-expected revenue and cloud growth for the second quarter.
- AWS sales expanded 37% year over year, which trounced analysts’ expectations for 31% growth.
Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025.
Michael Nagle | Bloomberg | Getty Images
Amazonreported better-than-expected revenue and cloud growth for the second quarter. The stock shot up more than 9% in extended trading
Here’s how the company did, compared with estimates from analysts polled by LSEG:
- Earnings per share: $5.75 a share. That may not compare with the $1.82 per share expected by LSEG
- Revenue: $200.61 billion vs. $196.47 billion estimated
Wall Street was also looking at other key revenue numbers:
- Amazon Web Services: $42.2 billion vs. $40.54 billion expected, according to StreetAccount
- Advertising: $19.81 billion vs. $19.43 billion expected, according to StreetAccount
Revenue in Amazon’s cloud segment expanded 37% year over year during the quarter, surpassing Wall Street’s expectations for 31% growth. That marked the unit’s fastest growth in 18 quarters, Amazon CEO Andy Jassy said in the earnings release
Jassy said AWS is “booming,” and pointed to the growth of its artificial intelligence and homegrown chips units, which both exceeded a $25 billion annual revenue run rate. Amazon has increasingly looked to highlight its in-house chips division, which includes the Trainium and Graviton brands, as a newer growth pillar for the company. Its AI products like the Bedrock model marketplace have primarily been targeted for enterprises
For the current quarter, Amazon guided for revenue between $197 billion and $202 billion. Analysts polled by LSEG were expecting $204.1 billion
The company blamed tough comparisons to last year’s third quarter as a result of its decision to shift its Prime Day discount event up to June, instead of its typical July timeframe. Excluding the impact of this year and last year’s Prime Day, third-quarter 2026 growth “would be nearly 400 basis points higher,” Amazon said
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