Amazon Web Services (AWS) sales accelerated 37% year-over-year to $42.2 billion, marking its fastest growth in 18 quarters|Phil Murphy|CC BY-NC 2.0
Amazon shares rose over 9% in after-hours trading on Thursday following strong second-quarter results and increased investments in data centers for cloud computing.
The spending optimism contrasted with market declines among tech peers like Meta and Google parent Alphabet.
Overall revenue grew 20% to $200.6 billion, while net income hit $62.6 billion—fueled by $53.4 billion in nonoperating pretax income from Anthropic investments.
Amazon Web Services (AWS) sales accelerated 37% year-over-year to $42.2 billion, marking its fastest growth in 18 quarters.
The tech giant also raised its full-year capex forecast by $20 billion to $220 billion.
For the third quarter, Amazon projects revenue between $197 billion and $202 billion.