WS #13096
Amazon reported Q2 revenue of $200.6B (beat $197B est.) and EPS of $5.75 (beat $1.82 est.), driven by AWS revenue surging 37% to $42.2B and AI/chip businesses each exceeding $25B annual run rates; stock surged ~9% after hours. Apple reported record June quarter revenue of $109.4B (beat $108.65B est.) with 22% iPhone sales growth, but services revenue missed at $30.74B vs $31.22B est. and weak guidance on supply constraints sent stock down ~4-8% after hours. AI-focused hedge fund Situational Awareness was forced to sell its entire public portfolio to Citadel after suffering steep losses, removing a major source of AI-sector selling pressure.
Amazon Q2 Earnings Beat: AWS and AI Surge
Amazon reported Q2 revenue of $200.6B (beat $197B est.) and EPS of $5.75 (beat $1.82 est.), driven by AWS revenue surging 37% to $42.2B and AI/chip businesses each exceeding $25B annual run rates; stock surged ~9% after hours.
Apple reported record June quarter revenue of $109.4B (beat $108.65B est.) with 22% iPhone sales growth, but services revenue missed at $30.74B vs $31.22B est. and weak guidance on supply constraints sent stock down ~4-8% after hours.
AI-focused hedge fund Situational Awareness was forced to sell its entire public portfolio to Citadel after suffering steep losses, removing a major source of AI-sector selling pressure.