Wednesday, 18 March, 2026
Amazon Stock Drops as AWS Growth and Margins Disappoint Despite Q2 Beat
By Isha
Amazon delivered a strong Q2 performance, reporting $167.7 billion in revenue (up 13%) and earnings of $1.68 per share, surpassing consensus estimates. AWS revenue rose 17.5% to $30.9 billion but fell short of investor expectations compared to Azure and Google Cloud growth. AWS margins compressed to 32.9%, its lowest in two years. A cautious Q3 profit forecast triggered a 7%+ drop in Amazon shares after hours.
Read full story at Economic Times