Second-quarter net sales rose 20% excluding currency moves to $200.6bn ($196.5bn expected), with growth broad-based across the group. AWS was the standout, up 37% to $42.2bn.
Operating profit rose 43% to $27.5bn ($23.5bn expected), driven by strong growth across AWS and the wider business.
Free cash flow fell to an outflow of $7.6bn on a trailing twelve-month basis, down from an inflow of $18.2bn a year ago – mainly driven by investment in AI infrastructure. Net debt, including leases, stands at $100.2bn.
For the third quarter, net sales are expected to be between $197-202bn, up 9-12%. Operating profit is expected to be between $22.5-26.5bn ($24.9bn expected).
The shares rose 11.3% in after-hours trading.
Our view
HL view to follow.
Amazon key facts
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