{"id":65692,"date":"2026-07-30T16:08:10","date_gmt":"2026-07-30T20:08:10","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/amazon-and-rivian-beat-estimates-in-q2-earnings-as-markets-rally\/65692\/"},"modified":"2026-07-30T16:08:10","modified_gmt":"2026-07-30T20:08:10","slug":"amazon-and-rivian-beat-estimates-in-q2-earnings-as-markets-rally","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/amazon-and-rivian-beat-estimates-in-q2-earnings-as-markets-rally\/65692\/","title":{"rendered":"Amazon and Rivian Beat Estimates in Q2 Earnings as Markets Rally"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> delivered a massive earnings beat with <strong>EPS of $5.75<\/strong> (vs. $1.99 expected) and <strong>Net Sales of $200.6 billion<\/strong>, though a cautious Q3 revenue outlook weighed on the results.<\/li>\n<li><strong>AWS<\/strong> growth accelerated significantly, with net sales rising <strong>37% ex-FX to $42.23 billion<\/strong>, while the company&#39;s dedicated <strong>AI business<\/strong> surpassed a <strong>$25 billion annual revenue run rate<\/strong>.<\/li>\n<li><strong>Rivian (<a href=\"\/stock\/RIVN\">RIVN<\/a>)<\/strong> outperformed expectations with <strong>$1.66 billion in revenue<\/strong> and a narrowed <strong>loss per share of $0.63<\/strong>, while maintaining its full-year delivery guidance of <strong>65,000 to 70,000 vehicles<\/strong>.<\/li>\n<li>Major indices surged into the close, with the <strong>Nasdaq Composite<\/strong> jumping <strong>2.77%<\/strong> and the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a><\/strong> rising <strong>1.74%<\/strong> as investor sentiment remained bullish ahead of the tech earnings wave.<\/li>\n<li><strong>Anthropic<\/strong> is reportedly securing <strong>$15 billion in debt<\/strong> with assistance from <strong>Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>)<\/strong>, signaling continued massive capital deployments in the generative AI sector.<\/li>\n<\/ul>\n<h2>Amazon Surges on AWS Strength Despite Soft Guidance<\/h2>\n<p>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>) reported a dominant second quarter, fueled by a resurgence in its cloud computing division. <strong>AWS Net Sales hit $42.23 billion<\/strong>, easily clearing the $40.57 billion analyst estimate. This <strong>37% year-over-year growth<\/strong> (excluding currency fluctuations) suggests that Amazon is successfully capturing the massive enterprise demand for AI infrastructure.<\/p>\n<p>Despite the bottom-line strength, the company issued a conservative forecast for the upcoming quarter. Amazon expects <strong>Q3 Net Sales between $197.0 billion and $202.0 billion<\/strong>, the midpoint of which falls below the <strong>$203.93 billion<\/strong> consensus. Additionally, the company reported a trailing 12-month <strong>free cash flow outflow of $7.6 billion<\/strong>, reflecting heavy capital expenditures in AI and logistics.<\/p>\n<h2>Rivian Narrows Losses as Production Scales<\/h2>\n<p>Rivian (<a href=\"\/stock\/RIVN\">RIVN<\/a>) showed signs of operational improvement in its Q2 report, posting <strong>revenue of $1.66 billion<\/strong> against expectations of $1.52 billion. The electric vehicle maker delivered <strong>12,194 vehicles<\/strong> during the quarter, beating the 11,471 estimate. Most notably, the company&#39;s <strong>loss per share narrowed to $0.63<\/strong> from $0.97 a year ago, demonstrating better cost controls.<\/p>\n<p>The automaker reaffirmed its full-year production targets, still aiming for <strong>65,000 to 70,000 deliveries<\/strong>. Rivian also improved its <strong>Adjusted EBITDA loss forecast<\/strong> for the year to a range of <strong>$1.8 billion to $2.0 billion<\/strong>, which is slightly better than the $2.01 billion loss previously anticipated by Wall Street. However, <strong>cash and equivalents<\/strong> ended the quarter at <strong>$3.59 billion<\/strong>, slightly trailing the $3.62 billion estimate.<\/p>\n<h2>Market Rally and Geopolitical Developments<\/h2>\n<p>The broader markets ended Thursday on a high note, with the <strong>Nasdaq Composite (<a href=\"\/stock\/%5EIXIC\">^IXIC<\/a>)<\/strong> finishing unofficially higher by <strong>677.93 points<\/strong>, or <strong>2.77%<\/strong>, to close at <strong>25,120.87<\/strong>. The <strong>S&amp;P 500 (<a href=\"\/stock\/%5EGSPC\">^GSPC<\/a>)<\/strong> and <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"\/stock\/%5EDJI\">^DJI<\/a>)<\/strong> followed suit, gaining <strong>1.74%<\/strong> and <strong>1.18%<\/strong> respectively, as tech optimism offset concerns regarding high interest rates.<\/p>\n<p>In geopolitical news, reports from <em>Al Jazeera<\/em> indicate that negotiations regarding the <strong>Strait of Hormuz<\/strong> are ongoing. Any potential agreement with Muscat could lead to the <strong>lifting of naval blockades and oil sanctions<\/strong>, a development that energy markets are watching closely for its potential impact on global crude supply and pricing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Amazon (AMZN) delivered a massive earnings beat with EPS of $5.75 (vs. $1.99 expected) and Net Sales of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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