Amazon, Microsoft, and Alphabet all saw accelerating sales growth in their cloud businesses. However, Alphabet's cloud revenue is growing (and accelerating) faster.

Amazon reported its strongest growth in five years in its second quarter. Amazon Web Services just delivered breakout results.

Companies that have reported in the Q2 cycle are offering encouraging reads on order trends, margin resilience, and full-year demand. This fundamental health is filtering directly into analyst models, driving a steady stream of upward revisions for Q3 and beyond.

Amazon's trailing-12-month free cash flow was an outflow of $7.6 billion, down from an $18.2 billion inflow a year earlier. Operating cash flow still rose 33% year over year to $161.4 billion, so the swing came from capital spending, not the business.

On Thursday, July 30, Amazon Inc.(AMZN) released its Q2 2026 earnings report. Given its crucial position as a Mag 7 mega-cap straddling both tech and e-commerce, Amazon's earnings reports are usually closely watched by the broader investing community.

This earnings season is showing that investors want proof AI investments can generate meaningful returns, according to Stephanie Walter of HyperFrame Research. She says this explains the positive reaction to Microsoft (MSFT), Amazon (AMZN), and Alphabet (GOOGL), while Meta Platforms (META) has not shown a path to monetization of A.I.

Record market-cap moves for the tech giants end in a 1% Nasdaq gain.

Amazon (AMZN) stock is ripping higher on Friday after the e-commerce and cloud computing giant delivered a blockbuster Q2 report that comfortably exceeded Wall Street's expectations.

U.S. stocks settled higher as Amazon kept the artificial-intelligence recovery rolling.

Plus, Tesla considers sale of China business and Anthropic discloses that its software hacked three companies.