Amazon reported strong Q2 2024 financial results with net sales increasing 10% to $148.0 billion, compared to $134.4 billion in Q2 2023. Operating income nearly doubled to $14.7 billion, while net income surged 100% to $13.5 billion ($1.26 per diluted share). AWS segment showed impressive growth with revenue up 19% YoY to $26.3 billion and operating income reaching $9.3 billion.North America segment sales grew 9% to $90.0 billion with operating income of $5.1 billion, while International segment turned profitable with $0.3 billion operating income on sales of $31.7 billion. The company's operating cash flow for the trailing twelve months increased 75% to $108.0 billion.Looking ahead to Q3 2024, Amazon expects net sales between $154.0-158.5 billion, representing 8-11% growth YoY, and operating income between $11.5-15.0 billion. The company highlighted continued reacceleration in AWS growth as companies modernize infrastructure and leverage Generative AI opportunities.

Amazon reported strong Q2 2024 financial results with net sales increasing 10% to $148.0 billion, compared to $134.4 billion in Q2 2023. Operating income nearly doubled to $14.7 billion, while net income surged 100% to $13.5 billion ($1.26 per diluted share). AWS segment showed impressive growth with revenue up 19% YoY to $26.3 billion and operating income reaching $9.3 billion.North America segment sales grew 9% to $90.0 billion with operating income of $5.1 billion, while International segment turned profitable with $0.3 billion operating income on sales of $31.7 billion. The company's operating cash flow for the trailing twelve months increased 75% to $108.0 billion.Looking ahead to Q3 2024, Amazon expects net sales between $154.0-158.5 billion, representing 8-11% growth YoY, and operating income between $11.5-15.0 billion. The company highlighted continued reacceleration in AWS growth as companies modernize infrastructure and leverage Generative AI opportunities.