Amazon shares surged more than 9% in after-hours trading on Thursday after the company reported second-quarter results driven by Amazon Web Services. AWS posted $42.2 billion in revenue in Q2, up 37% year-over-year, its fastest growth in 18 quarters, with operating income of $16.6 billion and a 39.4% margin. Amazon’s total net sales rose 20% to $200.6 billion. CEO Andy Jassy said Amazon now expects to spend $220 billion in capital expenditures in 2026, up from its prior estimate of $200 billion. Despite the elevated spending, Jassy said Amazon still will not have enough capacity to meet all demand in 2026, and believes this will also be true in 2027.
Source: Read the original article
