Amazon has unveiled its financial report for the second quarter of fiscal year 2025, reporting total revenue of $167.702 billion, marking a 13% year-over-year increase. Net profit reached $18.164 billion, reflecting a robust 35% year-over-year growth. Despite these impressive figures surpassing analysts' expectations, the company's muted outlook for Q3 operating profit sent shockwaves through the market, causing Amazon's stock price to plummet by 5.77% in after-hours trading.
In terms of business performance, AWS (Amazon Web Services) cloud computing revenue grew by 17.5%, highlighting its continued strength. Both the North American and international segments of the business achieved double-digit growth, underscoring Amazon's global reach and resilience. For the upcoming Q3, the company projects revenue to increase by 10% to 13% year-over-year, a projection that failed to inspire confidence among investors.