Amazon’s second-quarter sales reached $200.6 billion; AWS supplied most segment operating income.

Amazon reported $200.606 billion of net sales for the quarter ended June 30, 2026, up 20% from $167.702 billion a year earlier. Operating income increased 43% to $27.461 billion.

AWS sales rose 37% to $42.2 billion and AWS operating income increased to $16.6 billion from $10.2 billion. North America operating income was $9.1 billion and International operating income was $1.7 billion. Net income reached $62.647 billion, but the release says it included $53.4 billion of non-operating pre-tax other income, primarily from investments in Anthropic.

AWS represented about one-fifth of company sales but roughly three-fifths of the three disclosed segments’ operating income. That contrast makes operating income a more useful bridge to the underlying quarter than net income alone. North America and International were both profitable on the segment measure, while AWS remained the largest contributor.

The net-income comparison is dominated by a non-operating event. Total non-operating income was $53.396 billion, compared with $1.686 billion a year earlier. Amazon explicitly attributes the quarter’s $53.4 billion of pre-tax other income primarily to Anthropic investments. That amount is not AWS revenue, retail revenue or operating income, and it should not be used as if it were recurring operating margin.

For the third quarter, Amazon guided net sales to $197 billion to $202 billion and operating income to $22.5 billion to $26.5 billion. The company said that outlook assumes no impact from energy-derivative remeasurements and no additional acquisitions, restructurings or legal settlements. Those are management ranges with substantial uncertainty, not reported results.