“`html
Amazon.com, Inc. (AMZN) reported second-quarter 2025 revenues of $167.7 billion, up 13% year-over-year, exceeding estimates. Earnings per share reached $1.68, significantly beating projections. Amazon Web Services (AWS) generated revenues of $30.9 billion, a growth of 17.5% annually, although trailing competitors like Microsoft Azure (39%) and Google Cloud (32%).
The company’s current P/E ratio ranges from 31.84x to 35.46x, reflecting market optimism over AI and cloud computing initiatives but also raising concerns due to heightened competition and premium valuation compared to the industry average of 24.72x. Amazon’s management anticipates third-quarter revenues between $174 billion and $179.5 billion with operating income expected between $15.5 billion and $20.5 billion.
Year-to-date, AMZN shares have increased 6.7%, underperforming compared to Microsoft (18.4%), Google (25.3%), and Oracle (43.2%). Amazon’s aggressive $100 billion capital expenditure plan primarily targets AI and cloud infrastructure, potentially limiting near-term growth and free cash flow.
“`
