AMZN · PEAD ↑ 100

Amazon reported Q2 2026 EPS of $1.88 on 2026-07-30, beating the $1.83 consensus by $0.05 (+2.7%).

Print-day reaction was +3.9% versus the prior close, a clean gap-and-hold into the regular session close. The overnight move to the T+1 open added another +12.5%, an unusually large after-hours extension that signalled conviction rather than fade. Over the following two trading sessions the drift continued +2.2%, with no material give-back, sustaining the entire post-earnings move. Cumulative abnormal return of +16.7% versus SPY.US over the three-day window places this firmly in PEAD long territory; the documented drift pattern holds through the window closing on 2026-10-27.