Amazon reported a robust financial performance for Q2 2024, with operating cash flow increasing to $25.3 billion from $16.5 billion in Q2 2023. The company's net sales rose by 10% year-over-year to $147.977 billion, driven by growth across all segments, particularly AWS with a 19% increase. Operating income nearly doubled to $14.672 billion from $7.681 billion in the previous year. Amazon's investment in technology infrastructure, primarily to support AWS business growth, is expected to significantly increase in 2024. The company's international sales grew by 7%, despite a $974 million impact from foreign exchange rates. Amazon's liquidity remains strong, with cash, cash equivalents, and marketable securities totaling $89.1 billion as of June 30, 2024. Looking ahead, Amazon anticipates net sales between $154.0 billion and $158.5 billion for Q3 2024, with operating income projected to be between $11.5 billion and $15.0 billion. The guidance reflects the company's expectations of continued investment in growth opportunities and infrastructure, as well as potential market risks such as foreign exchange rates and global economic conditions.

Amazon reported a robust financial performance for Q2 2024, with operating cash flow increasing to $25.3 billion from $16.5 billion in Q2 2023. The company's net sales rose by 10% year-over-year to $147.977 billion, driven by growth across all segments, particularly AWS with a 19% increase. Operating income nearly doubled to $14.672 billion from $7.681 billion in the previous year. Amazon's investment in technology infrastructure, primarily to support AWS business growth, is expected to significantly increase in 2024. The company's international sales grew by 7%, despite a $974 million impact from foreign exchange rates. Amazon's liquidity remains strong, with cash, cash equivalents, and marketable securities totaling $89.1 billion as of June 30, 2024. Looking ahead, Amazon anticipates net sales between $154.0 billion and $158.5 billion for Q3 2024, with operating income projected to be between $11.5 billion and $15.0 billion. The guidance reflects the company's expectations of continued investment in growth opportunities and infrastructure, as well as potential market risks such as foreign exchange rates and global economic conditions.