Amazon Q2 Earnings Highlights: Double Beat, 'AI Progress Across The Board Continues

Benzinga

Amazon's second-quarter net sales rose 13% year-over-year to $167.7 billion, surpassing the $161.9 billion consensus estimate, according to Benzinga Pro. The e-commerce giant reported quarterly earnings per share of $1.68, exceeding the Street estimate of $1.30. Year-over-year sales grew across all segments, with North America up 11%, International up 16%, and AWS up 17.5%. CEO Andy Jassy said the company’s belief in AI transforming customer experiences is becoming reality, citing the expansion of Alexa+, widespread use of its shopping agent, and new models like DeepFleet. He added AI advancements are boosting customer experience, innovation, efficiency, and growth. Amazon expects third-quarter net sales between $174.0 billion and $179.5 billion, representing 10% to 13% year-over-year growth.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Amazon's second quarter net sales rose 13% year-over-year to $167.7 billion,

00:08surpassing the $161.9 billion consensus estimate, according to Benzinga Pro.

00:12E-commerce giant reporting quarterly earnings per share of $1.68,

00:16exceeding the street estimate of $1.30.

00:18Year-over-year sales grew across all segments, North America up 11%,

00:22international up 16%, and AWS up 17.5%.

00:26CEO Andy Jazzy said the company's belief in AI transforming customer experiences

00:30is becoming reality, setting the expansion of Alexa Plus,

00:34widespread use of its shopping agent, and new models like DeepFleet.

00:38Yet, AI advancements are boosting customer experience, innovation, efficiency, and growth.

00:42Amazon expects third quarter net sales between $174 billion and $179.5 billion,

00:48representing 10% to 13% year-over-year growth.

00:51For all things money, visit Benzinga.com.

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