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Amazon AWS Revenue Jumps 37% to $42.2 B, Shares Rise 14%

7/31/2026

Summary

Story summary

Amazon posted a 37% year-over-year increase in second-quarter AWS revenue to $42.2 billion, lifting its shares nearly 14% on Friday.
It raised its 2026 capital-expenditure plan to $220 billion and saw free cash flow turn to a $7.6 billion net outflow over the trailing 12-month period, versus an $18.2 billion inflow a year earlier.
AWS reported a $496 billion backlog and said most 2027 cloud capacity and some 2028 capacity are already reserved by customers.

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Story summary

Amazon posted a 37% year-over-year increase in second-quarter AWS revenue to $42.2 billion, lifting its shares nearly 14% on Friday.
It raised its 2026 capital-expenditure plan to $220 billion and saw free cash flow turn to a $7.6 billion net outflow over the trailing 12-month period, versus an $18.2 billion inflow a year earlier.
AWS reported a $496 billion backlog and said most 2027 cloud capacity and some 2028 capacity are already reserved by customers.