Amazon.com stock reports 20 percent Q2 revenue growth

Published on 09/28/2026 at 11:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Amazon.com stock closed at USD 249.67 on September 25, 2026, up 0.12 percent. Q2 revenue reached USD 200.6 billion and AWS grew 36.7 percent.

Amazon.com Inc. US0231351067 photorealistic logistics center interior with conveyor belts and robotic sorting arms — Amazon.com Inc. (US0231351067) fulfillment center conveyor belts with robotic arms sorting packages, Illustration mit AI erstellt.

Amazon.com stock (ISIN US0231351067) closed at USD 249.67 on Nasdaq on September 25, 2026, up USD 0.29 or 0.12 percent from the prior close. The latest earnings showed why AWS remains central to the valuation debate, with Q2 revenue up 20 percent year over year.

Q2 revenue reaches USD 200.6 billion

According to the Fortune transcript of the July 30, 2026 earnings call, Amazon reported USD 200.6 billion in Q2 2026 revenue, up 20 percent from the comparable period of 2025. Operating income reached USD 27.5 billion, an increase of 43 percent year over year.

Amazon also reported diluted EPS of USD 5.75 for Q2 2026, compared with a consensus estimate of USD 1.82, according to MarketBeat. The USD 3.93 EPS beat gives the recent price level a concrete earnings reference.

AWS growth meets heavy investment

AWS revenue rose 36.7 percent year over year to USD 42.2 billion in Q2 2026, while AWS operating income reached USD 16.6 billion, according to Fortune. The segment also carried an annualized revenue run rate of USD 169 billion.

Management said cash capital expenditures reached USD 53.1 billion in Q2 and that the full-year 2026 plan had risen to USD 220 billion. That spending supports AI and cloud capacity, but it also makes future free cash flow conversion a key counterweight to AWS growth.

Analyst target stays above USD 321

MarketBeat lists a Moderate Buy consensus based on 56 Buy ratings and three Holds, with an average 12-month price target of USD 321.19. That target stands 28.67 percent above the September 25 price of USD 249.67.

Amazon.com stock remains 13.06 percent below its 52-week high of USD 287.20 and 27.38 percent above its 52-week low of USD 196.00. The combination of 20 percent company-wide revenue growth and 36.7 percent AWS growth keeps earnings execution and capital intensity tied closely together in the stock discussion.

Amazon.com stock closes at USD 249.67

Amazon.com stock closed at USD 249.67 on Nasdaq on September 25, 2026. Market capitalization was USD 2.7 trillion and trading volume was 34,263,902 shares for that session.