Amazon reported second-quarter earnings that surpassed analyst forecasts across key financial metrics.
Amazon Web Services (AWS), a critical cloud infrastructure provider for numerous blockchain and crypto projects, recorded net sales of $30.87 billion. This exceeded Wall Street’s estimate of $30.77 billion, indicating continued robust demand for enterprise cloud services.
The company’s total net sales for Q2 reached $167.70 billion, significantly higher than the $162.15 billion consensus estimate. This reflects strength across Amazon’s diverse business segments.
Earnings per share (EPS) also came in higher than anticipated at $1.68, comfortably beating the $1.33 estimate.
The strong performance of AWS underscores the ongoing health of a major infrastructure player supporting enterprise technology, including significant portions of the blockchain and cryptocurrency ecosystem reliant on scalable cloud computing.