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Benzinga

Amazon tests 52-week highs after Q2 beat as analysts map path for AWS to reach $1 trillion

AI Market Summary
Amazon's Q2 results beat expectations on sales, operating income and adjusted EBITDA, with AWS and advertising leading. A sharply higher AWS backlog signals accelerating demand, increasingly tied to AI workloads, supporting the bull case for durable cloud growth. Management's guidance notes higher capex and timing effects, but the print has pushed the stock toward its 52-week high, raising near-term sensitivity to follow-through versus consolidation.
Impact level
● Medium
Affected assets
NCSKAMZN2USD/USDT+1.37%
AI Insight · NCSKAMZN2USD/USDTAI Insight
▲ Bullish
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Amazon reported a stronger-than-expected second quarter, with worldwide net sales of $201 billion versus a $197 billion consensus estimate. Operating income came in at $27.5 billion versus $23.6 billion, while adjusted EBITDA was $53.5 billion versus $50.8 billion. AWS backlog was cited at $496 billion, up more than 150% year over year and 36% quarter over quarter. Analysts reiterated a bullish view and pointed to a long-term route for AWS to become a $1 trillion business, with the results coinciding with the stock testing its 52-week high.
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