Amazon(US:AMZN) 智通财经网·2025-08-01 00:19Core Insights - Amazon's Q2 earnings report showed a revenue increase of 13% to $167.7 billion, surpassing market expectations of $162.1 billion, with earnings per share at $1.68, exceeding the forecast of $1.33 [1] - The company's Q3 operating profit guidance is lower than expected, leading to a decline in stock price post-report [1][11] - Amazon Web Services (AWS) revenue grew slightly over 17% to $30.9 billion, just above analyst expectations of $30.8 billion, but is lagging behind competitors like Microsoft and Google [1][10] Revenue Breakdown - Q2 advertising revenue reached $15.7 billion, a 23% year-over-year increase, exceeding market expectations of $14.9 billion, marking it as a significant profit source [3] - Online store revenue grew 11% year-over-year to $61.485 billion, surpassing the average market expectation of $59 billion [5] - North America revenue increased by 11% to $100.068 billion, while international revenue rose by 16.2% to $36.761 billion [7] Future Outlook - For Q3, Amazon expects operating profit between $15.5 billion and $20.5 billion, with sales projected between $174 billion and $179.5 billion, both above analyst averages [9] - The company is investing heavily in AI infrastructure, with capital expenditures reaching a record $31.4 billion, a 90% increase from the previous year [10] - CEO Andy Jassy emphasized the early stage of AI development and the need for time to build capacity to meet customer demand [10][11]