Shares of Amazon fell 0.62% over five trading sessions, with a year-to-date increase of 3.91% and a one-year gain of 30.39%. The company reported Q2 net sales of $167.7 billion, a 13% increase year-over-year, and net income of $18.2 billion, or $1.68 per diluted share. TTM free cash flow declined to $18.2 billion from $53.0 billion due to elevated CapEx on AI. Amazon announced same-day grocery delivery and reported Jeff Bezos sold nearly three million shares as part of a planned selloff. The company deployed its one millionth robot and rolled out an AI foundation model to power its robotic fleet, prompting analyst price-target upgrades.
In its Q2 earnings call on July 31, the company reported that net sales increased 13% to $167.7 billion in the second quarter, compared with $148.0 billion in the year-prior quarter. Net income increased to $18.2 billion, or $1.68 per diluted share, compared with $13.5 billion, or $1.26 per diluted share, in Q2 2024. However, free cash flow decreased to $18.2 billion TTM, compared with $53.0 billion TTM the year prior due to Amazon's ongoing CapEx on AI.
In June and July the stock saw a series of adjusted price targets. Analysts at Stifel ($262 from $245), Barclays ($275 from $240), Bank of America ($272 from $265), Piper Sandler ($255 from $250), Capital ($270 from $233), Citi ($265 from $225), Needham ($265 from $220), Cantor Fitzgerald ($260 from $240), Truist ($250 from $226), all recently upgraded their price targets for AMZN.
AMZN's most recent catalyst came in mid-August when the company announced it will begin offering customers same-day grocery delivery. On July 8, it was reported that Amazon founder Jeff Bezos sold nearly three million shares worth $665.8 million over two days in July as part of a plan announced earlier in 2025 that will see Bezos unload up to 25 million shares through May 2026.
#amazon #q2-earnings #ai--robotics-deployment #same-day-grocery-delivery #analyst-price-target-upgrades
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