Amazon (AMZN) · Q2 2026
AMZN — Q2 2026 Financial Report Analysis
AWS grew 36.8% to $42.2B — Amazon's fastest cloud growth in 18 quarters — while the $62.6B headline net income was driven mostly by a $50.5B non-cash markup on its Anthropic stake, and trailing free cash flow turned negative $7.6B on a 64% jump in capital spending.