Amazon reported a significant increase in its cloud-computing sales, with a 37% growth in Amazon Web Services (AWS) for the second quarter. In response to this growth, Amazon raised its capital expenditure forecast for the year by $20 billion, bringing it to $220 billion. The company's expansion of its data centers indicates an effort to enhance its services for cloud customers, which has pleased investors.

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https://www.wsj.com/tech/ai/amazon-earnings-q2-2026-amzn-stock-3daf95f7

Amazon Shares Jump as Cloud Sales—and Spending—Accelerate

The company raises capital spending forecast and says AWS sales increased 37% in second quarter

Isabella Simonetti

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An Amazon worker delivering packages on a hand truck on Prime Day in New York. Amazon has been building out its network of warehouses and hubs to enable faster delivery to more areas. Klaus Galiano/Bloomberg News

Amazon.com AMZN3.90%increase; up pointing triangle cloud-computing sales are accelerating, and so are the company’s investments in data centers to serve cloud customers. Investors are happy with that combination.

The company reported higher-than-expected revenue from Amazon Web Services on Thursday, continuing a streak of growth for its cloud-computing business, and raised its capital expenditures forecast for the year to $220 billion, a $20 billion increase.

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Amazon Shares Jump as Cloud Sales—and Spending—Accelerate

Amazon Shares Jump as Cloud Sales—and Spending—Accelerate

The company raises capital spending forecast and says AWS sales increased 37% in second quarter

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Most Popular News

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