Amazon recorded a 13 percent jump in revenue to $167.7 billion in the second quarter, significantly exceeding market expectations. Analysts had expected $162.2 billion on average. Net profit also rose sharply: up 35 percent to $18.2 billion. Nevertheless, the stock fell by 4 percent in after-hours trading at times – the management issued only cautious revenue forecasts for the third quarter.

For the current quarter, Amazon expects revenue between $174 billion and $179.5 billion – just slightly above the consensus of $173 billion. The conservative forecast reflects uncertainty about the potential impacts of the tariff policy initiated once again by US President Donald Trump.

Amazon CEO Andy Jassy put the role of artificial intelligence in the spotlight: "Our conviction that AI will change every customer experience is beginning to prove true." The company plans to invest over $100 billion in AI infrastructure in the current fiscal year. This includes new data centers and the expansion of Amazon Web Services (AWS), which generated $30.9 billion in quarterly revenue – an increase of 17.5 percent.

In the competition for AI performance capacities, Amazon is under pressure: Microsoft, Google, and Oracle are aggressively investing in their cloud offerings. Nonetheless, AWS remains the backbone of Amazon's most profitable segment. At the same time, the company benefits from regulatory changes – such as the elimination of the de minimis exemption, which provided customs advantages to Chinese platforms like Temu.

Despite the solid figures, Amazon plans job cuts. Jassy made it clear that advancements in AI will lead to a restructuring of the workforce in the medium term: "Some current tasks will become redundant, while new ones will emerge." A net reduction in corporate jobs is likely.

Overall, Amazon has so far managed to balance massive investments in AI and infrastructure with operational efficiency and a stable consumer environment – despite geopolitical uncertainties and inflation-related margin risks. The quarterly figures confirm that the company is pursuing its strategic orientation in the AI era with determination.