Amazon.com, Inc. to Report Second-Quarter Earnings Amidst High Expectations for AI Growth and Capital Expenditures
Amazon.com, Inc. is scheduled to release its second-quarter earnings report after the market closes on Thursday. Analysts expect the company to report quarterly revenue of approximately $196.25 billion, representing a 17% increase from the previous year. This would mark the company's fastest growth rate since the first quarter of 2021. Investors are closely monitoring the company's capital expenditures, particularly as the company continues to invest heavily in artificial intelligence. While Amazon has projected a 2026 capital expenditure target of roughly $200 billion, some analysts expect the company to lift this forecast further. The Amazon Web Services (AWS) unit remains a critical focus, with revenue expected to rise about 31% year-over-year. Despite recent stock price fluctuations, 62 out of 65 analysts maintain a 'Buy' or higher rating on the stock. The company has a history of beating analyst estimates for revenue in nine of the last 10 quarters.