Amazon AWS Growth, AI Demand Buoy 2Q Results
Anurag Rana, Senior Tech Analyst with Bloomberg Intelligence, breaks down Amazon and Apple earnings from his latest outlook report: Post-2Q Earnings Outlook: Accelerating AI demand and stronger retail execution can keep Amazon.com's underlying momentum intact despite softer 3Q sales guidance tied partly to the Prime Day shift. The company's 2Q results showed broad-based strength, with Amazon Web Services, retail and advertising all outperforming expectations. Faster delivery and AI-powered shopping are also strengthening customer engagement. We expect Amazon Web Services sales growth to remain at or above 35% in 2H, supported by persistent AI demand and higher backlog. Amazon raised its 2026 cash-capital-outlay outlook to $220 billion from $200 billion because of higher memory prices.
More from Australia
The equities fueling the next infrastructure supercycle
Crypto networks collide with sanctions in a fight for financial access
American Tungsten completes Nexus acquisition for Pinnacle MOU
Butn extends MYOB invoice financing agreement to 2027
Celsius Resources updates market on US$5M dispute
Estrella Resources signs sales deal for 27,000 tonnes