From Seattle's own, GeekWire:
Amazon will report earnings on Thursday, joining other tech giants lifting the hood on financial performance for the second quarter.
Wall Street expects Amazon to report revenue of $148.5 billion, up about 11% year-over-year, and earnings per share of $0.94, up from $0.65, according to Yahoo Finance.
Amazon Web Services and advertising — two of the company’s biggest profit drivers — will once again be in the spotlight as analysts look for those segments to continue driving overall operating income.
Analysts from Wedbush said in a report last week that they are watching for “emerging AI monetization,” or any revenue driven by the company’s various AI-related services offered by AWS.
“Investor perception of Amazon’s AI initiatives and the competitiveness of AWS remains a topic of debate, but we think the company is in the process of validating its status as an AI beneficiary with accelerating AWS growth and growing contribution from recently launched AI products and services,” Wedbush wrote in its report.
Bank of America analysts wrote last week that AWS should benefit from “increasing consumption spend around model training.” They flagged Google Cloud’s recent growth, revealed last week, as a positive sign for AWS....
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