Amazon reported Q2 EPS $2.78 beating $1.63 consensus and revenue $181.5 bn surpassing $177.13 bn estimate.
AWS grew 28% YoY, its fastest in 15 quarters, while chip business reached a $20 bn annual revenue run rate.
Capital expenditures surged, with Q1 property‑equipment purchases $44.2 bn (77% YoY rise), driving free cash flow down to $1.2 bn.
Amazon guided Q2 revenue $194‑199 bn and operating income $20‑24 bn, and announced June Prime Day to boost mid‑quarter sales.