Amazon Soars in Q2 2026: Revenue Reaches $200.6 Billion as AWS and Chips Businesses Boast Triple-Digit Growth
Seattle-based e-commerce giant Amazon has wrapped up its second quarter of 2026 with impressive financial results, solidifying the company's position as a leader in the tech industry.
The company reported a staggering $200.6 billion in revenue, representing a significant 20% increase year-over-year. Operating income also saw a substantial jump, reaching $27.5 billion, up 43% from the same period in 2025.
At the heart of Amazon's success lies its cloud computing platform, Amazon Web Services (AWS). The division has been on a tear, boasting a 36.7% year-over-year revenue growth rate, marking the fifth consecutive quarter of accelerating growth. AWS added an impressive $4.6 billion in revenue during the quarter, exceeding its largest increase ever by 80%. With a backlog of $496 billion, growing triple digits year-over-year, AWS is now a formidable $169 billion annualized revenue run-rate business.
Notably, Amazon's chips business has also seen remarkable growth, reaching an annual revenue run rate of over $25 billion, up triple digits year-over-year. Additionally, the company's AI revenue run rate climbed significantly during the quarter and now stands at over $25 billion, with triple-digit percentage growth.
CEO Andy Jassy attributed AWS' success to its broad capabilities, strong security, and operational performance. "Customers choose AWS because we offer the broadest capabilities," he noted. "They want their AI inference to reside near their other applications and data, and more of it resides in AWS than anywhere else."
Amazon's strategic decision to invest heavily in its cloud infrastructure has clearly paid off, with AWS now driving growth not only for itself but also for the company as a whole. The synergy between AI and non-AI services is particularly noteworthy, with Jassy pointing out that growth in one area drives growth in the other.
The Graviton chip, developed by Amazon, has emerged as a significant advantage, offering up to 30-40% better price performance than competing options. This has contributed to the company's robust revenue growth and solidified its position as a leader in the tech industry.
