Apple and Amazon Beat Earnings but Wall Street Rewards Only Amazon

Earnings Impact 4
โดย 24/7 Wall St.·Read original
Summary · why it matters

Apple and Amazon both reported record June-quarter results after the bell on July 30, 2026, yet their stocks moved in opposite directions as investors favored Amazon's cloud-driven growth over Apple's tariff-aided beat. Apple posted revenue of $109.417 billion, up 16.36% year over year, with iPhone contributing $54.252 billion and Services $30.739 billion, but roughly $0.11 of earnings per share came from one-time tariff refunds that lifted gross margin by about 2 percentage points. Amazon's revenue reached $200.606 billion, a 19.62% increase, while its AWS cloud unit grew 36.7% to $42.232 billion—its fastest pace in 18 quarters—and delivered a 39.4% operating margin. Amazon shares surged 11.7% in after-hours trading and closed up 3.9%, whereas Apple fell 1.41% to $333.43 after briefly dropping to $313.22. Analysts highlighted the divergence: Barclays cut its Apple price target to $245 with an Underweight rating while raising Amazon's target to $365 with an Overweight rating, and Bank of America reiterated a Buy on Apple with a $380 target while lifting Amazon's target to $320.

Impact on stocks 4

Artificial Intelligence± Mixed · 2 stocks
Amazon.com Inc
AMZN
▲ PositiveDemandrelevance

Amazon's AWS cloud unit grew 36.7% to $42.232 billion with a 39.4% operating margin, driving an 11.7% after-hours surge and analyst target raises.

Apple Inc.
AAPL
▼ NegativeCapitalrelevance

Apple's earnings beat was aided by one-time tariff refunds, and Barclays cut its price target to $245 with Underweight, while shares fell 1.41%.

Financials▲ · 2 stocks

Theme Impact 2

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