Amazon Q2 revenue guidance reinforces AWS as key driver and ad upside
Jul 29, 2026, 4:53 PM EDT9 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Historically, AMZN moves with beat/beat-like expectations and AWS trajectory; multiple analyst targets nudging higher support upside potential into the print.
AI summary
What happened, with direct paths to the underlying reporting
Analysts expect Amazon to report Q2 revenue of about $196.02 billion and EPS of $1.82, with revenue guidance of $194–199 billion and no EPS guidance. AWS remains the standout growth engine, with rapid expansion and the cloud nearing the second-largest revenue pillar. Prime Video’s live sports content could bolster ads, supporting a cautious near-term risk/reward for AMZN stock around $232.
Q2 revenue expected at $196.02B, up from $167.70B LY.
Q2 EPS seen at $1.82; revenue guidance $194–199B; no EPS guide.
AWS growth remains standout, fastest in 15 quarters; cloud near second-largest driver.
Prime Video lineup could lift ads with live sports and blockbusters.
AMZN stock around $231.82, up 0.4%; 52-week range $196–$279.
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