Amazon Just Crossed $200B in Quarterly Revenue for the First Time. What's AI..inggg???

Amazon smashed Q2 2026 estimates with AWS growing 37% (fastest in 18 quarters), revenue crossing $200B for the first time ever, and Jassy raising capex guidance to $220B. Stock popped 9% after hours. Amazon just put up one of its strongest quarters in years. Revenue hit $200.6 billion, up 20% year over year, crushing the $196B Wall Street expected. Adjusted EPS came in at $1.97 versus the $1.82 analysts were looking for. Operating income jumped 43% to $27.5 billion. Revenue: $200.6B, +20% YoY (first time crossing $200B in a quarter) EPS: $1.97 adjusted vs. $1.82 expected Operating income: $27.5B, +43% YoY AWS: $42.2B revenue, +36.7% YoY (fastest in 18 quarters), 39% operating margin Ads: $19.8B, +26% YoY Capex Guidance: raised to \~$220B for 2026 (from \~$200B) Q3 guide: $197-202B revenue, slightly below the $204B analysts wanted (Prime Day timing + FX) Stock: jumped \~9% after hours to $257 AWS is Amazon's growth engine right now, reaccelerating with expanding margins, while Trainium/Graviton chips are becoming a real standalone business rather than just supporting infrastructure.