Amazon Q2 2026: Revenue $200.6B (+20%), operating income $27.5B (+43%)

AMAZON COM INC

Net sales increased 20% to $200.6B in Q2 2026, compared to $167.7B in Q2 2025.
Operating income rose 43% to $27.5B, with AWS segment operating income up 63% to $16.6B.
AWS net sales grew 37% to $42.2B, fastest growth in 18 quarters, reaching $169B annualized run rate.
Net income surged to $62.6B, including $53.4B non-operating income from Anthropic investment.
Free cash flow was an outflow of $7.6B for trailing twelve months, driven by $66.1B increase in AI-related capex.

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