Amazon CEO Andy Jassy attends the Allen & Corporate Solar Valley Convention in Solar Valley, Idaho, on July 9, 2025.
Kevin Dietsch | Getty Photographs
Amazon will file second-quarter effects next the marketplace similar Thursday.
Right here’s what analysts surveyed via LSEG predict:
- Profits consistent with proportion: $1.31
- Income: $161.94 billion
Wall Boulevard may be having a look at alternative key earnings metrics:
- Amazon Internet Services and products: $30.8 billion, in keeping with StreetAccount
- Promoting: $14.99 billion, in keeping with StreetAccount
The corporate spooked traders in Might when it warned in its profits file that “tariff and trade policies,” in addition to “recessionary fears,” may weigh on second-quarter effects.
Amazon CEO Andy Jassy stated on the past that “none of us knows exactly where tariffs will settle or when.” Jassy after stated the corporate hasn’t open “any attenuation of demand at this point” because of price lists and that Amazon has taken steps to reserve costs secure on its website.
President Donald Trump’s unpredictable tariff schedule basically poses a blackmail to Amazon’s sprawling e-commerce trade, which accounts for the majority of its gross sales. The core on-line retail outlets unit is predicted to submit $58.98 billion in gross sales, in keeping with StreetAccount. Wall Boulevard is projecting supplier services and products earnings to succeed in $38.7 billion throughout the quarter.
A number of analysts stated the tariff and geopolitical backdrop for Amazon has turn out to be extra manageable in fresh months, which is one in every of a number of causes they’re constructive concerning the corporate’s second-quarter file.
“Through the quarter, the US consumer backdrop has remained supportive as tariff concerns wane and consumers continue to spend,” analysts at Deutsche Depot wrote in a July 22 analysis notice. The company has a purchase ranking on Amazon’s accumulation.
Trump’s price lists is also giving Amazon a spice up, to some degree.
The Deutsche analysts stated it’s “become abundantly clear” that Amazon has won a better proportion of the U.S. e-commerce marketplace within the face of reduced festival from ultra-cheap Chinese language on-line shops Shein and Temu, which is owned via PDD Holdings.
Each firms have struggled to saving their seize on American customers next the Trump management ended de minimis, a business exemption that allowed low-value shipments to go into the rustic duty-free, and instituted upper price lists on Chinese language imports.
Amazon’s third-quarter steerage will give a view into whether or not the corporate expects tariff dangers to proceed. Analysts are projecting earnings to succeed in $173.3 billion within the flow quarter.
Outdoor of retail, traders shall be conserving a similar seeing on Amazon’s cloud trade. Income at AWS within the first quarter grew 17%, which fell decrease of analysts’ estimates and used to be the slowest expansion in a 12 months. Analysts are projecting about the similar year-over-year expansion for the second one length.
Jassy stated in Might that the cloud trade would have grown quicker if it weren’t for capability constraints led to via shortages of AI chips and alternative elements.
Amazon has pledged to spend as much as $100 billion this 12 months, in large part on AI-related investments for AWS. Wall Boulevard shall be being attentive to whether or not Amazon reaffirms or boosts that quantity. AI and cloud competitor Google latter hour upped its capital spend to $85 billion this 12 months as a part of its second-quarter profits.
Like alternative primary tech firms, Amazon has been laser-focused on AI. Right through the quarter, Amazon started freeing an AI-upgraded model of its Alexa resonance associate and it introduced a pristine agentic AI workforce in its skunkworks analysis and construction unit.
The era may be remodeling Amazon’s staff. In a June notice to team of workers, Jassy stated the corporate’s company worker bottom will crop within the coming years because it adopts extra generative AI gear and brokers.
“It’s hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce,” Jassy wrote.
Amazon stocks have lagged the ones of its tech friends this 12 months in spite of its obese investments in AI. Amazon’s accumulation is up 5.4% 12 months to pace, year stocks of Meta and Microsoft have climbed kind of 20% over the similar stretch. Apple, which has struggled with its AI construction, is ill about 15.5% up to now this 12 months.
WATCH: How Amazon is the use of AI to revolutionize robotics
