Amazon.com says second quarter net sales rose 20% to $200.6 billion

On July 30, 2026, Amazon.com said net sales for the quarter ended June 30, 2026, rose 20% to $200.6 billion, from $167.7 billion a year earlier. Operating income increased to $27.5 billion, from $19.2 billion in the second quarter of 2025. AWS segment sales rose 37% to $42.2 billion, and AWS segment operating income was $16.6 billion, compared with $10.2 billion a year earlier. President and CEO Andy Jassy said AWS grew 36.7% year-over-year in the quarter, its fastest growth in 18 quarters.

Net income was $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 company said net income includes non-operating pre-tax other income of $53.4 billion, primarily from its investments in Anthropic.

For the trailing twelve months, operating cash flow rose 33% to $161.4 billion. For the trailing twelve months ended June 30, 2026, free cash flow was an outflow of $7.6 billion, compared with an inflow of $18.2 billion for the trailing twelve months ended June 30, 2025. The company said the decline was driven primarily by a $66.1 billion year-over-year increase in purchases of property and equipment, net of proceeds from sales and incentives, which primarily reflects investments in artificial intelligence.

For the third quarter of 2026, Amazon.com expects net sales of $197 billion to $202 billion, growth of 9% to 12% from the third quarter of 2025, and operating income of $22.5 billion to $26.5 billion, compared with $17.4 billion a year earlier. The company said that, excluding the impact of Prime Day in both 2025 and 2026, third quarter year-over-year growth would be nearly 400 basis points higher.

The company said it anticipates an unfavorable foreign exchange impact of approximately 80 basis points. The company said its guidance assumes no impact from energy derivative contract remeasurements. It also said the guidance assumes that no additional business acquisitions, restructurings or legal settlements are concluded.