Amazon's shares traded near $254 in mid-September 2026 after fluctuating between roughly $246 and $257 during the week of September 14, supported by robust Q2 results that showed 20% revenue growth to $200.6 billion and AWS revenue accelerating 37% year-over-year to a $169 billion annualized run rate. Operating income rose 43% to $27.5 billion, aided by AI-related demand and a large non-operating gain from Anthropic holdings, though Q3 guidance of $197–202 billion in sales signaled sequential moderation tied to Prime Day timing and an 80-basis-point FX headwind. Elevated 2026 capital expenditures, now guided at $220 billion, underscore ongoing infrastructure buildout for cloud and AI, while analyst price targets average near $328 amid a strong-buy consensus. The next quarterly update is scheduled for late October.