This afternoon, Amazon (AMZN) will publish its earnings report for Q2 2025. Shortly thereafter, the company will host an earnings call to discuss those results and field questions from investors. If you’d like to hear the conversation, you can listen to Amazon’s Q2 2025 earnings call here.

From the question of where Amazon is in the AI race to forecasts for the next quarter, here are four key takeaways from the Q2 earnings call.

Amazon reported its second-quarter 2025 earnings Thursday. Wall Street forecast earnings per share (EPS) of $1.33 on $162.11 billion in revenue for the e-commerce giant, according to analyst consensus data provided by LSEG.