Core News Facts
Amazon (NASDAQ: AMZN) is projected to double its stock price by 2030, contingent upon achieving a 20% annual earnings growth. Recent data shows Amazon’s trailing 12-month revenue reached $775 billion in Q2 2026, marking a 15.8% year-over-year increase, predominantly driven by its non-retail services that include Amazon Web Services (AWS), advertising, and subscriptions, which collectively grew 24% year-over-year to $124 billion.
AWS reported a remarkable 37% year-over-year revenue increase in Q2 2026, reaching $42 billion, and has a $496 billion backlog for future work. The company’s earnings surged 242% year-over-year to $5.75 per share, largely due to non-operating gains. Furthermore, Amazon’s operating margin improved to 12.7%, up from 6.5% in 2023, suggesting stronger profitability as revenue grows faster than operating expenses.
Key analysts, including Bill Ackman of Pershing Square, forecast over 20% annualized earnings growth in the coming years, buoyed by demand for Amazon’s custom chips, which are expected to generate over $25 billion annually. As a result, there is significant optimism about Amazon’s financial trajectory, positioning the stock for substantial growth.
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