Key facts: AMZN Q2 Strong; $50B OpenAI Stake; Buffett, Berkshire Exit
Complete. Here is the key summaryAmazon reported strong Q2 2026 results with $200.6B sales (+20% YoY) and raised FY capex to $220B, while disclosing a cumulative $50B investment in OpenAI. Concurrently, Berkshire Hathaway exited its Amazon position, with Warren Buffett admitting he initially did not understand the company.
- AMZN Q2 2026: sales $200.6B (+20% YoY), operating income $27.5B (+43%), AWS revenue $42.2B (+37%), AI and custom chip units each >$25B ARR. FY capex raised to $220B; Q3 sales guide $197–$202B. Benzinga
- Amazon disclosed a $50B OpenAI investment: $15B in Q1, $13.7B in Q2, and $21.3B after quarter end. Series C preferred will convert to common stock at IPO or liquidity event. Binance News
- Warren Buffett acknowledged that he did not understand Amazon at the time of Berkshire’s initial investment, and Berkshire Hathaway exited its position in Amazon.com, Inc. (AMZN) in 2026. Benzinga