Amazon.com stock gains 1.33 percent as AWS growth accelerates
Published on 10/04/2026 at 11:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Amazon.com stock closed at USD 251.52 on Nasdaq on October 2, 2026, up 1.33 percent from the prior close of USD 248.23. The move followed a second quarter in which Amazon posted USD 200.6 billion in revenue, while AWS revenue climbed 36.7 percent to USD 42.2 billion.
AWS growth drives the earnings story
Leverage Shares reported on September 11, 2026, that Amazon's second-quarter revenue rose 20 percent year over year for the three months ended June 30, 2026. Operating income increased 43 percent to USD 27.5 billion, lifting the operating margin from 11.4 percent to 13.7 percent.
AWS was the central growth engine. Its USD 42.2 billion in Q2 revenue represented a 36.7 percent year-over-year increase, while AWS operating income reached USD 16.6 billion and the segment margin reached 39.4 percent, according to Fortune.
Analyst targets stay above the market
MarketBeat reported that Amazon's Q2 diluted EPS was USD 5.75 versus a USD 1.82 consensus, while revenue of USD 200.61 billion exceeded the USD 197.03 billion estimate. The same source said 56 analysts rated the stock Buy and three rated it Hold, producing a Moderate Buy consensus and an average price target of USD 321.19.
The average target stands USD 69.67 above the October 2 closing price, equivalent to 27.7 percent above the price. That gap keeps the market's attention on AWS growth, but it also raises the importance of execution as Amazon expands its infrastructure spending.
Capital spending sets the next test
Amazon raised its 2026 cash capital expenditure plan to USD 220 billion from USD 200 billion, according to the Q2 earnings call transcript published by Fortune. The investment is aimed largely at AWS and artificial intelligence capacity, making future cloud growth the key financial counterweight to heavier capital needs.
Amazon stock remains below its high
Amazon.com stock closed at USD 251.52 on Nasdaq on October 2, 2026, with a session range of USD 250.02 to USD 253.56. Its 52-week range was USD 196.00 to USD 287.20, leaving the stock 12.4 percent below its yearly high.
Amazon.com stock facts
- Company: Amazon.com, Inc.
- ISIN: US0231351067
- Ticker: AMZN
- Trading venue: Nasdaq
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 251.52 Closing price
- Market capitalization: USD 2.7 trillion (as of October 2, 2026)
- 52-week range: USD 196.00-287.20 (as of October 2, 2026)
- Sector / Industry: Internet Retail
Upcoming dates for Amazon.com stock
- October 29, 2026: Q3 2026 earnings date
