Amazon.com, Inc. (AMZN) earnings on July 30, 2026

After the market closes Q2 2026

More Amazon.com, Inc. earnings

Prior outlook: Optimistic Outcome: Accurate

Amazon shares surged after the company released earnings that beat expectations, climbing 15.32% to end the day near its highs. The stock erased early losses to finish strongly.

AMZN price around the earnings

271.58

Change: +15.3%

2026-07-31, 20:00 UTC

Start of the measured window End of the measured window
234.96 247.69 260.42 273.15 235.50
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)
July 30, 2026 July 31, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Accurate

Thesis published
Results released

Strong earnings history (100% beat, +30.4% avg surprise) and strong analyst conviction support optimistic setup; recent pullback creates entry despite extreme retail crowding.

Context analyzed before publication

Trend
Score surged to 92.1 pre-event; recent pullback contradicts 100% constructive retail, creating potential reversal risk.

Analysts

Evidence

Analyst consensus
Strong buy
Consensus average (1-5)
1.34
Analysts covering the stock
61
Average price target
313.07
Lowest price target
207
Highest price target
370
Upside to price target
32%
Quarterly earnings growth
76.7%
Revenue growth
16.6%
Forward EPS
9.93
Trailing EPS
8.36
Analyst moves in the last 60 days
9
  • Strong buy: 16
  • Buy: 46
  • Hold: 3
  • Sell: 0
  • Strong sell: 0
Strong buy
16
Buy
46
Hold
3
Sell
0
Strong sell
0
  • July 28, 2026 · UBS: Maintains rating (Buy → Buy)
  • July 28, 2026 · BMO Capital: Maintains rating (Outperform → Outperform)
  • July 28, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
  • July 23, 2026 · Wedbush: Reiterates rating (Outperform → Outperform)
  • July 21, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
  • July 16, 2026 · Keybanc: Maintains rating (Overweight → Overweight)
  • July 15, 2026 · Citizens: Reiterates rating (Market Outperform → Market Outperform)
  • July 8, 2026 · TD Cowen: Maintains rating (Buy → Buy)
  • July 2, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (4)

Technicals

Evidence

Price when the context was analyzed
226.82
Average true range (ATR)
2.8%
Distance to 52-week high
-13.8%
14-day change (14d)
-11.0%
30-day change (30d)
-5.5%
30-day relative strength
+3.1%
QQQ change (30d)
-8.6%
Nearest support
226.05
Distance to nearest support
0.3%
Nearest resistance
226.96
Distance to nearest resistance
0.1%
Volume accumulation ratio (14d / 46d)
0.88
  • Major: 226.05 (0.3% away, 0.12 ATR, 58 touches)
  • Major: 225.16 (0.7% away, 0.26 ATR, 37 touches)
  • Major: 223.8 (1.3% away, 0.47 ATR, 42 touches)
  • Major: 226.96 (0.1% away, 0.02 ATR, 49 touches)
  • Major: 227.9 (0.5% away, 0.17 ATR, 56 touches)
  • Major: 229.22 (1.1% away, 0.38 ATR, 40 touches)

Trends

Evidence

Average earnings surprise
+30.4%
  • April 29, 2026: actual EPS 2.78 vs estimate 1.64 (surprise +69.0%)
  • February 5, 2026: actual EPS 1.95 vs estimate 1.95 (surprise +0.2%)
  • October 30, 2025: actual EPS 1.95 vs estimate 1.56 (surprise +25.2%)
  • July 31, 2025: actual EPS 1.68 vs estimate 1.32 (surprise +27.2%)

Expected move

Implied move
+9.8%
Source
Options chain

Reactions over its last 20 earnings

Median move
7.2%
75th percentile move
8.4%
90th percentile move
10.7%
Up / down moves
10 / 10
Average up move
+6.5%
Average down move
-6.9%

Monitoring and close

What Amazon.com, Inc. reported

Status
Finished
Actual EPS5.75
EPS estimate1.82
EPS surprise+215.9%
Revenue$200,606 million
Revenue estimate$196,460 million
Revenue surprise+2.1%

Amazon beat Q2 expectations with $200.6B revenue and 37% AWS growth. Shares rose after the report, though Q3 guidance came in below estimates.

Sources (49)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating +10.4% pre-market, a move above the stock's usual reaction (about 7%). The figures confirm the optimistic scenario. In the 1,431 similar cases in our market history, the close held that direction 96% of the time.

How the stock reacted

Outcome
Accurate
Consolidated
+15.3%
Max favorable move (MFE)
16%
Max adverse move (MAE)
0.3%