Amazon reported its second-quarter 2026 earnings Thursday, revealing it beat Wall Street’s estimates with more than $200 billion in revenue for the April-June period.
Advertising services revenue for the quarter was up 26% year over year to $19.8 billion, while the tech giant’s overall profit jumped to $62.6 billion largely thanks to its investment in Claude AI developer Anthropic. In April, Amazon and Anthropic set a 10-year, $100 billion deal to run Anthropic’s large language models (LLMs) on Amazon Web Services’ Trainium chips.
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Wall Street forecast earnings per share (EPS) of $1.82 on $196.43 billion in revenue, according to analyst consensus data provided by LSEG. Amazon reported diluted EPS of $5.75 on $200.6 billion in revenue.
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“AWS is booming, growing 36.7% year-over-year in Q2—our fastest growth in 18 quarters—and our AI and Chips businesses each eclipsed run rates of more than $25 billion,” Amazon CEO Andy Jassy said in a letter to shareholders. “In Stores, we again set record delivery speeds for Prime members in the first half of the year—over 40% more items delivered same-day or overnight, with Grocery and Everyday Essentials growing meaningfully faster than the rest of the business. And, Advertising had another strong quarter with 26% year-over-year growth. There’s a lot to be excited about, and we have much more coming for customers in the second half of the year and beyond.”
While addressing analysts later on the Amazon earnings call, Jassy expanded on recent comments about Amazon being open to selling Trainium, the Amazon Web Services’ division that designs chips to train and run generative AI.
“We’re quite excited about what’s happening in our chips business,” Jassy said. “As I mentioned earlier, it’s over $25 billion in annual revenue at this point. We think we have the leading price-performance chip in both the AI space with Trainium and in the CPU space with Graviton. The fact that we have multi-year, multi-gigawatt commitments from the two largest AI labs in Anthropic and OpenAI, and more and more companies, as I mentioned in my opening comments, using Trainium is exciting and promising. We just have an incredible amount of demand for Trainium. So there are a lot of customers who are very excited about using it in the form that we’re providing right now. We do have an increasing number of customers who are interested in us providing the trading chips to them, separate even from our cloud, and we’re actively having those conversations and exploring. And I expect there’s a real chance we’ll do that in the future.”