Quarterly results and Q3 outlook
Amazon reported second-quarter net sales of $200.6 billion for the period ended June 30, 2026, up 20% year on year, according to a company press release cited in recent coverage. North America segment sales rose 16% to $116.2 billion, and international sales climbed 15% to $42.2 billion. Total operating income jumped 43% to $27.5 billion, with North America operating income reaching $9.1 billion (up from $7.5 billion) and international operating income at $1.7 billion (up from $1.5 billion). Net income reached $62.6 billion, or $5.75 per diluted share, compared with $18.2 billion ($1.68 per share) a year earlier; the company attributed $53.4 billion of pre-tax non-operating other income primarily to its investment in Anthropic. Amazon guided to third-quarter net sales of $197 billion to $202 billion, implying 9-12% growth.
$600 million tariff refund flows to shoppers
CFO Brian Olsavsky disclosed on the second-quarter earnings call that Amazon has collected roughly $600 million in Trump tariff refunds and outlined two routes to return the money to shoppers. For imports Amazon can tie to a specific order, the company will contact the buyer directly and issue the refund automatically, with no claim form required. Where traceability is not possible, the savings will flow into price reductions across the store. Olsavsky called the figure "limited," noting that Amazon spent months forward-buying and pre-positioning inventory before duties landed, and that third-party sellers—responsible for more than 60% of goods sold on the marketplace—pay duties themselves and pursue their own refunds. The refunds stem from the Supreme Court's February ruling that struck down tariffs imposed under the International Emergency Economic Powers Act of 1977. Amazon has not disclosed how many customers qualify, which products were affected, or when the money will begin landing.
Retail expansion and AI shopping features
Amazon said it continued expanding Amazon Now, its ultra-fast delivery service offering arrival within 30 minutes or less; the offering added 80 additional U.S. cities and towns and entered several major Egyptian cities during the quarter, taking the service to nine countries and more than 250 cities globally, with gross sales and units sold up more than 80% quarter on quarter. The company added more than 700,000 items to its marketplace from brands including Ted Baker, Rabanne, Bobbi Brown and CR7 Underwear. Amazon also integrated Rufus and Alexa+ into Alexa for Shopping, adding personalized recommendations, product comparisons, price history tracking and automated purchasing through Price Alerts and Auto-Buy; active users nearly doubled quarter on quarter while customer interactions increased more than fivefold year on year. CEO Andy Jassy said grocery and everyday essentials grew "meaningfully faster" than the rest of the business and that advertising rose 26% year on year.
Supply chain services and warehouse robotics
Amazon launched Amazon Supply Chain Services, allowing businesses to use its logistics network to move, store and deliver products from raw materials to finished goods; early customers include Procter & Gamble, 3M, Lands' End and American Eagle Outfitters. Amazon Business reached an annualized gross sales run rate of $60 billion, with product selection up nearly 30% year on year. Within its fulfilment network, the company deployed the next generation of Proteus, an autonomous robot capable of moving loads of up to 1,300 pounds, aimed at reducing heavy lifting and improving warehouse safety.
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