Amazon.com (AMZN) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $5.75
- Estimate
- $1.83
- Surprise
- +214.2%
- Revenue (period 2026-06-30)
- $200.61B
- Score at report (before → after)
- 6.5 → 6.8/10
Revenue source: xbrl.
How the report landed
Amazon.com (AMZN) beat the $1.83 estimate with adjusted EPS of $5.75 — a large 214.2% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.5/10) to Hold at 6.8/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates AMZN Buy (Wait) at 6.4/10.
3 of the last 4 quarters beat the estimate; this quarter's +214.2% surprise compares with a +77.2% four-quarter average. Next scheduled report: 2026-10-29.
What supports the rating
- Strong growth profile
- Wide economic moat
What argues against it
- Sector modifier (Consumer Cyclical): -1.5
- Negative momentum
- Earnings today - binary event risk
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $241.90
- Entry target
- $236.36
- Price target
- $305.82
- Stop
- $222.36
- Upside to target
- +26.4%
- Reward-to-risk
- 4.6:1
Forward estimates sit below the trailing run-rate (24.4× forward vs 20.5× trailing) — consensus expects earnings to decline from here.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
AMZN at TrendMatrix's latest read
Cyclical consumer names live and die on demand momentum — same-quarter comps and guidance carry more weight than the headline surprise.
- Industry
- Internet Retail
- Market cap
- $2746.20B
- P/E (fwd)
- 24.4
- P/E (ttm)
- 20.5
- 52-week range
- $196.00–$287.20
- Off 52-week high
- 15.8%
- RSI (14)
- 33
- Volume vs avg
- 0.27×
- Score today
- 6.4/10