Amazon.com, Inc. announced its second-quarter financial results on Thursday, reporting a 10% year-over-year increase in net sales. The company's net sales reached $148.0 billion, up from $134.4 billion in the same period last year. Excluding a $1.0 billion unfavorable impact from year-over-year foreign exchange rate changes, net sales increased by 11%.

In its North America segment, sales grew by 9% to $90.0 billion. International segment sales increased by 7% to $31.7 billion, or by 10% when excluding foreign exchange rate changes. Sales in the Amazon Web Services (AWS) segment rose by 19% to $26.3 billion.

Amazon's net income for the second quarter increased to $13.5 billion, or $1.26 per diluted share, compared to $6.7 billion, or $0.65 per diluted share, in the second quarter of 2023.

Amazon President and CEO Andy Jassy highlighted the continued reacceleration of AWS growth as companies modernize their infrastructure, move to the cloud, and leverage new generative AI opportunities, making AWS the preferred choice for customers.