Is Amazon a Buy After Its Latest Earnings Report?

Published July 30, 2026 · Category: Finance

Overview

Amazon (NASDAQ:AMZN) stock jumped 8% in after-hours trading Thursday after the company reported second-quarter earnings that reflected strong growth in Amazon Web Services and its fast-growing AI and chips businesses.

The company also reported a huge $53.4 billion gain in net income, which it largely attributed to its investment in Anthropic, the start-up AI company that is considering an IPO at a valuation of nearly $1 trillion.

Details

CEO Andy Jassy noted that AWS had its fastest quarterly growth in more than four years, with revenue increasing 36.7% from a year ago. “There’s a lot to be excited about, and we have much more coming for customers in the second half of the year and beyond,” he said in a statement.

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Source

Originally published at www.fool.com.

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