Amazon Shares Climb 1.4% to $247 Ahead of Q2 Earnings

Amazon shares advanced 1.4% to close at $247.04 on July 9, outperforming the broader market as investors positioned ahead of the company’s fiscal Q2 earnings release. Analysts project EPS of $1.82, an 8.3% year-over-year increase, and revenue between $194 billion and $199 billion. Despite solid top-line momentum and a consensus “strong buy” rating implying 29.5% upside, the stock has lagged the S&P 500 over the past year amid concerns over heavy AI spending and margin pressure. Full-year 2026 EPS estimates stand at $7.75, with recent modest upward revisions supporting a constructive near-term outlook.