Amazon(US:AMZN) Zhi Tong Cai Jing·2025-08-01 13:49Core Viewpoint - Amazon's stock opened down over 7%, resulting in a market value loss of $178 billion, following a disappointing Q3 operating profit guidance and underperformance in cloud business growth compared to competitors [1] Financial Performance - In Q2, Amazon reported total revenue growth of 13% to $167.7 billion, exceeding market expectations of $162.1 billion [1] - Earnings per share were $1.68, surpassing the market average expectation of $1.33 [1] - Amazon Web Services (AWS) revenue grew slightly over 17% to $30.9 billion, just above the analyst average expectation of $30.8 billion [1] Future Outlook - For Q3, Amazon expects operating profit to be between $15.5 billion and $20.5 billion, while the analyst average expectation is $19.4 billion [1] - Projected sales for the same period are expected to be between $174 billion and $179.5 billion, higher than the analyst average expectation of $173.2 billion [1] Competitive Landscape - Analyst Gill Luria from DA Davidson noted that AWS's revenue growth is "very disappointing" compared to higher growth rates from Microsoft and Google [1] - In the three months ending in June, Microsoft Azure's revenue grew by 39%, and Google Cloud's revenue grew by 32% [1]