--- title: "Amazon Stock Pops 9.5% After-Hours as AWS Fuels Earnings Beat: Jim Cramer Calls it 'Astonishing'" type: "News" locale: "en" url: "https://longbridge.com/en/news/294452423.md" description: "Amazon shares surged 9.5% in after-hours trading following a strong Q2 earnings beat, driven by AWS profitability and AI investment returns. Revenue reached $200.61 billion, exceeding estimates, with EPS of $5.75 vs $1.82 expected. Analysts praised AWS margins and raised capital expenditure forecasts to $220 billion for 2026, signaling robust AI demand through 2028." datetime: "2026-07-31T02:32:40.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294452423.md) - [en](https://longbridge.com/en/news/294452423.md) - [zh-HK](https://longbridge.com/zh-HK/news/294452423.md) generator: "portal-rs" --- # Amazon Stock Pops 9.5% After-Hours as AWS Fuels Earnings Beat: Jim Cramer Calls it 'Astonishing' **Amazon.com, Inc.** (NASDAQ:AMZN) shares jumped Thursday after the company delivered stronger-than-expected second-quarter earnings, with investors and analysts praising accelerating Amazon Web Services profitability as evidence that returns on artificial intelligence investments are beginning to materialize. ## **Cramer Calls Amazon ‘Astonishing’ After AWS Delivers** CNBC host **Jim Cramer** called the results “astonishing,” in a post on X, though he said **Microsoft Corp.** (NASDAQ:MSFT) remains the standout among the megacap technology companies. > This Amazon looks astonishing. Apple's stock has run too much to charge higher. Microsoft still starring > > — Jim Cramer (@jimcramer) July 30, 2026 Tech analyst and CEO of **Moor Insights & Strategy Patrick Moorhead** said Amazon had “a hard follow” after Microsoft’s results but “crushed it on AWS revenue and gross margins.” > $AMZN had a hard follow after $MSFT but crushed it on AWS revenue and gross margins. Love the Trainium and Graviton growth. $AAPL is the safe tech investment bet. With a $5T valuation that may not always be the case. They’re raising prices to deal with memory and introducing… https://t.co/cUUzlKIwBt pic.twitter.com/m40GaHL6Vb > > — Patrick Moorhead (@PatrickMoorhead) July 30, 2026 **Read Also: Jensen Huang Wants Open-Source AI Models: BofA Says Chipmakers Get Paid Either Way** ## **AWS Scale Continues To Impress Wall Street** **Creative Planning** Chief Market Strategist **Charlie Bilello** praised the results, saying that AWS’ revenue over the last 12 months was more than the annual revenue of 474 companies in the S&P 500. > Incredible: Amazon's AWS revenue over the last 12 months ($148 billion) was higher than the revenue of 474 companies in the S&P 500. $AMZNhttps://t.co/l5IYmkeySJ pic.twitter.com/lzXvwmY8jJ > > — Charlie Bilello (@charliebilello) July 30, 2026 AI analyst **Rihard Jarc** said AWS’ expanding operating margins showed the narrative that hyperscalers are generating poor returns on AI workloads is “DEAD.” > $AMZN just delivered AWS Operating income margin 39% up from 33% last year. > > Hyperscalers' AI workloads ROI is bad narrative is DEAD. > > — Rihard Jarc (@RihardJarc) July 30, 2026 Amazon’s “striking” outlook for AI demand into 2028, coupled with its higher capital spending forecast, made **Futurum Equities**‘ **Shay Boloor** even more bullish on chipmakers **Micron Technology Inc.** (NASDAQ:MU), **SK Hynix Inc.** (NASDAQ:SKHY) and **SanDisk Corp.** (NASDAQ:SNDK). > $AMZN raised 2026 cash capex to $220B as higher memory costs add ~$20B while capacity still falls short of demand through 2027. > > Management called 2028 demand "striking" and said spending only follows visible customer demand. > > So freaking bullish for $MU, $SKHY and $SNDK pic.twitter.com/El5kD02Fo9 > > — Shay Boloor (@StockSavvyShay) July 30, 2026 ## Earnings Top Estimates, Amazon posted revenue of $200.61 billion in the second quarter, beating the consensus estimate of $196.46 billion, according to Benzinga Pro. The company’s earnings of $5.75 per share topped analyst estimates of $1.82 per share. For the third quarter, Amazon expects revenue between $197 billion and $202 billion, below analysts’ estimate of $204.08 billion. Forecasts operating income of $22.5 billion to $26.5 billion, up from $17.4 billion a year earlier. CEO **Andy Jassy** told analysts during the company’s earnings call that the company now expects to spend $220 billion on capital expenditures this year, up from the roughly $200 billion forecast. **Price Action:** The stock closed 3.90% higher at $235.50 on Thursday before jumping 9.55% to $258 in after-hours trading following the earnings release. **Benzinga edge rankings** indicate AMZN has a Momentum score in the 18th percentile and a Growth score in the 95th percentile. **Read Also: Elon Musk Says Only 1% of Government Workers Actually Work 40 Hours a Week — Aside From Security Guards or Maintenance Crews** ***Disclaimer*:** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* *Photo Courtesy: katz / Shutterstock.com* ### Related Stocks - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [AMZW.US](https://longbridge.com/en/quote/AMZW.US.md) - [AMZZ.US](https://longbridge.com/en/quote/AMZZ.US.md) - [AMZD.US](https://longbridge.com/en/quote/AMZD.US.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [AMZO.US](https://longbridge.com/en/quote/AMZO.US.md) - [AMZY.US](https://longbridge.com/en/quote/AMZY.US.md) - [AZYY.US](https://longbridge.com/en/quote/AZYY.US.md) - [AMZP.US](https://longbridge.com/en/quote/AMZP.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) - [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md) - [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md) - [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md) - [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md) - [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md) - [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md) - [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md) - [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md) - [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md) - [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md) - [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md) - [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md) - [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md) - [8648.JP](https://longbridge.com/en/quote/8648.JP.md) ## Related News & Research - [BrightSign Scales Premium, Cloud-Based Device Management Solution on Amazon Web Services](https://longbridge.com/en/news/296379330.md) - [Amazon or Oracle: One AI Stock Worth Buying, the Other Is Too Risky, Says Investor](https://longbridge.com/en/news/296050856.md) - [S&A Financial Services Inc. Takes Position in Amazon.com, Inc. $AMZN](https://longbridge.com/en/news/295996900.md) - [Amazon Stock (AMZN) Slips amid Plans to Invest $2 Billion in Latin America](https://longbridge.com/en/news/296643110.md) - [Amazon plans drone delivery expansion to about 500 US locales](https://longbridge.com/en/news/296386237.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**