Amazon.com announced financial results for its second quarter ended June 30, 2026. Net sales increased 20% to $200.6 billion, compared with $167.7 billion in the second quarter of 2025. Operating income increased to $27.5 billion, up 43% year-over-year.
AWS net sales increased 37% year-over-year to $42.2 billion, marking its fastest growth rate in 18 quarters and a $169 billion annualized revenue run rate. AWS operating income rose to $16.6 billion, compared with $10.2 billion in the prior year period. North America segment sales increased 16% to $116.2 billion, while International segment sales increased 15% to $42.2 billion.
Net income increased to $62.6 billion, or $5.75 per diluted share, compared with $18.2 billion, or $1.68 per diluted share, in the second quarter of 2025. The results include non-operating pre-tax other income of $53.4 billion, primarily from Amazon’s investments in Anthropic. Operating cash flow increased 33% to $161.4 billion for the trailing twelve months. Free cash flow decreased to an outflow of $7.6 billion for the trailing twelve months, driven by a $66.1 billion year-over-year increase in property and equipment purchases tied to AI investments.
Amazon exceeded a $25 billion annual revenue run rate for both its AWS AI business and its chips business, each growing triple-digit percentages year-over-year. The company continued gaining momentum with Trainium, with Anthropic and OpenAI making multi-year, multi-gigawatt commitments. Amazon added more than 10 fully managed foundation models to Amazon Bedrock during the quarter, including OpenAI’s GPT-5.6, Anthropic’s Claude Opus 5, Google DeepMind’s Gemma 4, and SpaceXAI’s Grok 4.3. Advertising services grew 26% year-over-year to $19.8 billion.
For the third quarter of 2026, Amazon expects net sales between $197.0 billion and $202.0 billion, representing growth of 9% to 12% compared with the third quarter of 2025. Operating income is expected to be between $22.5 billion and $26.5 billion, compared with $17.4 billion in the third quarter of 2025.
KEY QUOTE:
“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. 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.”
Andy Jassy, President and CEO, Amazon
