Amazon's second-quarter net sales rose 13% year-over-year to $167.7 billion, surpassing the $161.9 billion consensus estimate, according to Benzinga Pro. The e-commerce giant reported quarterly earnings per share of $1.68, exceeding the Street estimate of $1.30. Year-over-year sales grew across all segments, with North America up 11%, International up 16%, and AWS up 17.5%. CEO Andy Jassy said the company’s belief in AI transforming customer experiences is becoming reality, citing the expansion of Alexa+, widespread use of its shopping agent, and new models like DeepFleet. He added AI advancements are boosting customer experience, innovation, efficiency, and growth. Amazon expects third-quarter net sales between $174.0 billion and $179.5 billion, representing 10% to 13% year-over-year growth.
