Amazon Rises 1.2% Before Q2 Results as Wall Street Sees $196.45 Billion Revenue
Updated
Updated · Yahoo Finance · Jul 30
Amazon Rises 1.2% Before Q2 Results as Wall Street Sees $196.45 Billion Revenue
3 articles · Updated · Yahoo Finance · Jul 30
Summary
Amazon gained 1.2% in early premarket trading Thursday ahead of after-hours earnings, snapping a seven-session slide that had erased more than 9% from the stock.
Analysts expect second-quarter revenue to climb 17% to $196.45 billion—the fastest growth since early 2021—and adjusted EPS to rise 8% to $1.82.
AWS growth and 2026 capital spending are the key watch points, with Amazon previously projecting about $200 billion in CapEx versus roughly $131 billion in 2025.
CapEx concerns have recently pressured hyperscalers after Alphabet raised its 2026 target, while Microsoft held its outlook steady on Wednesday.
Wall Street remains strongly bullish despite some estimate tweaks: 62 of 65 analysts rate Amazon Buy or better, with an average target of $226.65 implying 38% upside.