Amazon.com Inc

Amazon delivered a blockbuster second quarter for fiscal 2026, posting GAAP earnings per diluted share of $5.75 — a figure lifted by a $53.40 billion one-time non-operating gain tied largely to its Anthropic investment and not directly comparable to the $1.82 adjusted consensus; on a comparable basis the quarter scored roughly $1.88 against a $1.83 estimate — while revenue of $200.61 billion topped expectations by 2.12% and grew 19.6% year over year. The headline profit figure was heavily shaped by $53.40 billion in non-operating pre-tax income tied largely to the company's Anthropic investment, but the underlying operational story was equally compelling, with operating income climbing 43% to $27.46 billion. The true engine of the quarter was AWS, which posted 37% revenue growth to $42.23 billion, its fastest pace in 18 quarters, as surging AI infrastructure demand drove operating margins to 39.4%. CEO Andy Jassy noted that both Amazon's AI and chips businesses each exceeded $25.00 billion in annualized revenue run rates, growing at triple-digit percentages, helping lift AMZN shares roughly 4.50% on the day. Looking ahead, Amazon guided Q3 2026 net sales of $197.00 billion to $202.00 billion, with operating income between $22.50 billion and $26.50 billion.