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The Guardian

Apple posts $109.4bn quarterly revenue and Amazon reports $200.6bn, beating forecasts

AI Market Summary
Apple and Amazon both beat Q2 revenue expectations, easing near-term worries around Big Tech earnings resilience amid heightened scrutiny of AI capex and free cash flow. Amazon's results, including AWS strength and advertising upside despite weaker free cash flow, drove a sharp after-hours rally, potentially improving broader tech risk appetite after recent declines in AI-linked and chip names.
Impact level
● Medium
Affected assets
NCSKAMZN2USD/USDT+0.63%
AI Insight · NCSKAMZN2USD/USDTAI Insight
▲ Bullish
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Apple reported quarterly revenue of $109.4bn, above expectations of $108.65bn, and earnings per share of $2.02. Amazon posted quarterly revenue of $200.6bn, topping forecasts of $196.47bn. Both companies beat expectations, sending Amazon shares up more than 8% in after-hours trading. The results marked Apple CEO Tim Cook’s final earnings release before he steps down.
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