Amazon's Q2 Revenue Surges, AWS Growth Accelerates
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Amazon reported Q2 revenue of $200.6 billion, up 20% year-over-year, driven by strong growth in its Amazon Web Services (AWS) division. AWS revenue grew 37% YoY to $42.2 billion, its fastest pace in 18 quarters. Notably, both AWS's AI business and chips business have surpassed a $25 billion annual revenue run rate, each growing at triple-digit rates. Amazon Advertising revenue also grew 26% YoY to $19.81 billion. The company's net income surged 245% to $62.6 billion.
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