Amazon's Q2 2025 earnings were analyzed, revealing a 13% year-over-year revenue increase. Revenue guidance beat analyst estimates. Earnings per share grew 17% year-over-year, surpassing analyst expectations. Gross, operating, and net margins expanded. Net income rose from $13.4 billion to $18.1 billion. Free cash flow, however, almost broke even, influenced by capital expenditures on servers, data centers, and AI chips. At the time of the recording, Amazon's market capitalization stood at $2.35 trillion. Amazon's revenue stream from various sectors including online stores and third-party seller services. While revenue and margins look good, capital expenditures due to AI make free cashflow look almost break even. The price to forward operating cashflow stands at 17. A target price for AMZN of $250 within a year is given.