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Amazon’s AWS growth accelerates, lifting shares in premarket
Amazon reported AWS revenue growth of 37% year over year and total operating income rising more than 40%, while also raising its capital spending plans.
Amazon’s Q2 results showed its cloud business strengthening, with shares moving higher in Friday premarket trading after the company delivered what the market viewed as a clear answer to whether its AI infrastructure spending would translate into growth. According to MarketBeat Ratings, Amazon stock was up roughly 12% in premarket following the earnings release.
The standout figure was AWS, where revenue grew 37% year over year, its fastest pace in 18 quarters. The report also showed profitability improving alongside growth, with AWS operating income contributing to a more than 40% year over year increase in Amazon’s total operating income.
MarketBeat Ratings also highlighted that Amazon raised its capital expenditure plans for the year, pointing to higher memory chip costs as a key driver. The article noted that, despite stronger AWS performance and expanding margins, Amazon’s continued heavy spending keeps questions around free cash flow in focus.