Second Quarter Net Sales Up At Amazon

SEATTLE – Earlier this month, second quarter results for Seattle-based Amazon revealed a net sales increase of 11% to $134.4 billion. According to a company press release, the number compares to $121.2 billion for the second quarter last year.

Operating income increased to $7.7 billion in the second quarter, compared with $3.3 billion in second quarter 2022. International segment operating loss was $0.9 billion, compared with an operating loss of $1.8 billion in second quarter 2022.

“It was another strong quarter of progress for Amazon,” said Andy Jassy, Amazon CEO. “We continued lowering our cost to serve in our fulfillment network, while also providing Prime customers with the fastest delivery speeds we’ve ever recorded. Our AWS growth stabilized as customers started shifting from cost optimization to new workload deployment, and AWS has continued to add to its meaningful leadership position in the cloud with a slew of generative AI releases that make it much easier and more cost-effective for companies to train and run models (Trainium and Inferentia chips), customize Large Language Models to build generative AI applications and agents (Bedrock), and write code much more efficiently with CodeWhisperer.

“We’re also continuing to see strong demand for our advertising services as the team keeps innovating for brands, including the ramp up for Thursday Night Football with the ability for advertisers to tailor their spots by audience and create interactive experiences for consumers,” Jassy continued. “We remain excited about what lies ahead for customers and the company.”