AMZN · AMAZON COM INC
10-Q filed 2026-07-31 period 2026-06-30
82 Strong
confidence high · source filing on SEC.gov ↗
- AWS revenue growth accelerated significantly to 37% YoY in Q2 2026, reaching $42.2 billion, driven by customer usage and AI initiatives.
- Trailing twelve-month Free Cash Flow turned negative at $(7.6) billion due to a massive surge in capital expenditures to $169.0 billion, primarily for technology infrastructure.
- Amazon expanded its multi-year commitments with OpenAI and Anthropic by $100 billion each, securing long-term partnerships and chip performance obligations.
vs. prior filing (10-Q filed 2026-04-30)
FHS 85 → 82 (-3) · Strong -> Strong
Profitability +0Balance sheet -7Cash generation +0Risk flags -3Mgmt signal -5
Filing Health Score pillars
Profitability 25%
92
Revenue grew 20% YoY in Q2 2026 to $200.6 billion, while operating income grew 43% to $27.5 billion, demonstrating strong operating leverage (Item 2, Results of Operations).
Balance sheet 20%
78
Cash and marketable securities remain robust at $123.0 billion, but long-term debt nearly doubled to $128.9 billion, and the current ratio is tight at 1.03 (Item 1, Consolidated Balance Sheets).
Cash generation 20%
65
Operating cash flow grew to $45.4 billion in Q2 2026, but trailing twelve-month free cash flow turned negative at $(7.6) billion due to massive capital expenditures of $169.0 billion (Item 2, Liquidity and Capital Resources).
Risk flags 20%
85
No going-concern or restatement issues are present, but the company faces substantial commitments, including over $200 billion in multi-year AI infrastructure and chip commitments with OpenAI and Anthropic (Item 1, Note 1 - Unearned Revenue).
Mgmt signal 15%
90
Management is signaling aggressive expansion in AI, highlighted by AWS sales growth accelerating to 37% YoY and massive strategic investments in OpenAI and Anthropic (Item 2, Overview and Net Sales).
Key metrics (Three Months Ended June 30, 2026)
period: Three Months Ended June 30, 2026
total debt: $128,894 million
cash and equivalents: $78,213 million
shares outstanding: 10,783 million
revenue: $200,606 million
net income: $62,647 million
operating cash flow: $45,387 million
Gemma triage notes (pre-analysis, second opinion)
None for this filing.Automated research summaries derived from SEC filings. Not investment advice.