Amazon.com, Inc.

Amazon.com, Inc. Earnings Recaps

AMZN Consumer Discretionary 3 recaps
Next earnings: October 29, 2026 (estimated) · full calendar
Q2 2026 Aug 2, 2026

Amazon's shares jumped nearly 20% post-earnings, driven primarily by AWS's accelerating revenue growth of 36.7% year-over-year and record backlog expansion, underscoring strong investor confidence in the company’s cloud and AI-driven growth trajectory.

Key takeaways
  • Total revenue reached $200.6 billion, up 20% year-over-year; operating income rose 43% to $27.5 billion.
  • AWS revenue grew 36.7%, marking the fifth consecutive quarter of acceleration and the fastest growth in 18 quarters.
  • AWS backlog surged to $496 billion, growing triple digits year-over-year, indicating strong demand visibility.
  • The chips business and AI revenue each surpassed $25 billion in annualized run rates, both growing triple digits year-over-year.
  • New AI offerings such as Amazon Bedrock Agents and Amazon Q are scaling rapidly, with AI and core workloads driving mutually reinforcing growth.
Full recap
Q1 2026 May 1, 2026

Headline Summary: Amazon shares closed 2.1% higher following Q1 earnings, with results and forward commentary largely aligning with market expectations. AWS delivered accelerating growth driven by AI demand, offset by an absence of material surprises elsewhere. Key Takeaways:

Key takeaways
  • Revenue reached $181.5 billion, up 17% year-over-year (15% excluding FX impact).
  • AWS revenue grew 28% year-over-year, marking its fastest pace in over three years and a $2 billion sequential quarterly increase.
  • AWS annualized run rate surpassed $150 billion; AI-related annual run rate crossed $15 billion.
  • The chips segment expanded rapidly, delivering nearly 40% quarter-over-quarter growth and crossing a $20 billion annual run rate.
  • Management commentary emphasized AI and agentic platform advancements but did not announce major new initiatives or changes to guidance.
Full recap
Q3 2025 Oct 31, 2025

Amazon.com reported impressive Q3 2025 performance, with revenues of $180.2 billion, reflecting a 12% year-over-year increase, driven largely by robust AWS growth and strategic investments.

Key takeaways
  • AWS revenue growth accelerated to 20.2% year-over-year, marking the highest growth rate in 11 quarters, alongside a backlog growth to $200 billion.
  • Operating income reached $17.4 billion, negatively impacted by $4.3 billion in special expenses, highlighting the company’s strong underlying financial health.
  • Amazon's innovations in AI, including the launch of AgentCore and Kiro, are significantly enhancing functionality for enterprises, driving customer engagement and savings.
  • Trailing 12-month free cash flow stood at $14.8 billion, showcasing liquidity and capital efficiency, positioning the company for continued investment and growth.
Full recap

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