亚马逊"赚麻了"，AWS增速创新高

亚马逊公布截至2026年6月30日的二季度财报，呈现出强劲的增长势头。1公司净销售额达2006亿美元，同比增长20%，超过预期的1964.7亿美元；净利润626亿美元，同比增长244%。1其中AWS云服务业务表现最为亮眼，收入422亿美元，同比增长37%，创造了18个季度以来的新高。1AWS营业利润166亿美元，同比增长63%，运营利润率达39.3%。1

AWS的强劲增长背后反映了AI基础设施的巨大需求。1公司AI业务年化收入超过250亿美元，同比增长三位数百分比，占AWS年化收入的约15%。1Amazon Bedrock在过去六个月新增的客户数超过了推出后前两年的总和。1自研芯片业务同样表现出色，年化收入也达到250亿美元，同比增长三位数百分比。1其中Trainium芯片已获得OpenAI和Anthropic的多年、多吉瓦时的承诺。1此外，98%的顶级EC2客户正在使用Graviton芯片，相关收入承诺环比增长近3倍。1

为满足不断增长的AI需求，亚马逊大幅提升资本支出计划。1公司将全年资本支出预计上调至2200亿美元，较此前预测增加10%。1CEO安迪·贾西表示："即使达到2200亿美元，产能仍无法满足2026年所有需求。"1第二季度物业和设备支出已达542亿美元，同比增长69%。1AWS积压订单达4960亿美元，相当于约三年的收入规模，进一步印证了市场对其服务的旺盛需求。1

Amazon announced its second-quarter financial results for the period ending June 30, 2026, delivering robust performance across its core business and cloud services division 1. Net sales reached $200.6 billion, representing a 20% year-over-year increase and surpassing analyst expectations of $196.47 billion, while net income climbed to $62.6 billion, up 244% compared to the prior-year quarter 1.

The company's cloud computing unit AWS emerged as a standout performer, generating $42.2 billion in revenue with a 37% year-over-year growth rate, marking the highest expansion in 18 consecutive quarters 1. AWS operating profit reached $16.6 billion, growing 63% year-over-year, translating to a 39.3% operating margin 1. The unit's backlog of committed contracts swelled to $496 billion, equivalent to approximately three years of revenue 1. CEO Andy Jassy stated that "even if we reach $220 billion in capital expenditure, capacity will still be insufficient to meet all demand in 2026," underscoring the intensity of customer demand for cloud infrastructure 1.

Amazon's artificial intelligence initiatives are experiencing explosive growth, with AI services generating annualized revenue exceeding $25 billion and expanding at triple-digit rates year-over-year, accounting for roughly 15% of AWS's annualized revenue 1. Amazon Bedrock, the company's AI platform, added more new customers in the past six months than it had accumulated in the two years following its launch 1. The company's custom-designed chip business also achieved $25 billion in annualized revenue with triple-digit percentage growth, bolstered by multiyear, multigigawatt commitments from OpenAI and Anthropic for Trainium chips, while 98% of top-tier EC2 customers are deploying Graviton processors with commitment growth approaching 3 times sequentially 1.

Capital expenditures during the quarter totaled $54.2 billion, reflecting a 69% year-over-year increase in property and equipment spending 1. Amazon raised its full-year capital expenditure guidance to $220 billion, a 10% increase from prior guidance, reflecting aggressive investment in AI infrastructure 1. Operating cash flow for the trailing twelve months reached $161.4 billion, up 33% year-over-year, though free cash flow swung to a negative $7.6 billion compared to a positive $18.2 billion in the prior-year period 1.