Amazon(US:AMZN) Sou Hu Cai Jing·2025-07-31 23:52Core Insights - Amazon reported Q2 revenue of $167.7 billion, a 13% year-over-year increase, with operating income of $19.17 billion, up 31%, and net income of $18.16 billion, a 34.7% increase [1] - The company expects Q3 revenue to be between $174 billion and $179.5 billion, with operating income projected between $15.5 billion and $20.5 billion [1] - Despite exceeding analyst expectations for Q2 revenue and earnings per share, the weak outlook for Q3 operating income led to a 7% drop in stock price after hours [1] Revenue Breakdown - AWS cloud computing revenue for Q2 was $30.9 billion, a 17.5% year-over-year increase, with operating income of $10.2 billion, up 10% from the previous year [4] - North America segment revenue for Q2 was $100.1 billion, an 11% increase year-over-year, with operating income of $7.5 billion, a 47% increase from $5.1 billion [4] - International segment revenue for Q2 was $36.8 billion, a 16% increase year-over-year, with a 11% increase when excluding currency fluctuations, and operating income of $1.5 billion, up 400% from $0.3 billion [4] Cash Flow and Future Guidance - Operating cash flow for the 12 months ending June 30, 2025, was $121.1 billion, a 12% increase from $108 billion year-over-year; free cash flow was $18.2 billion, a 66% decrease from $53 billion [1] - Q3 revenue guidance indicates a year-over-year growth of 10% to 13%, factoring in approximately 130 basis points of favorable currency impact [1]