AMZN earnings
AMAZON COM INC — automated research on every print, the model's read of every earnings call, and the numbers against estimates.
| Reported | EPS | Consensus | Surprise |
|---|---|---|---|
| Jul 30, 2026 | 5.75 | 1.82 | +215.9% |
| Apr 29, 2026 | 2.78 | 1.63 | +70.6% |
| Feb 05, 2026 | 1.95 | 1.97 | -1.0% |
| Oct 30, 2025 | 1.95 | 1.57 | +24.2% |
AMAZON COM INC reported Q2 FY2026. EPS came in at $5.75 against a $1.82 consensus, beat by 215.9%. Revenue was $200.6B versus $197.0B expected, beat by 1.8%. Gross margin was 52.3%, up 50 bps from last quarter.
read the full report →Amazon AMAZON COM INC reported a strong Q1 FY2026, with revenue and earnings both exceeding street estimates. Revenue came in at $181.52 billion, a 17% year-over-year increase, and EPS reached $2.78, significantly outpacing the $1.63 estimate. The company's AWS segment continues to be a key driver, with growth accelerating to 28% year-over-year, the fastest rate in 15 quarters.
read the full report →AMAZON COM INC missed EPS by -1.0% despite revenue beating by +0.9%, but the actionable read is that management is choosing AI capacity over near-term earnings optics. The market was set up for operating leverage after gross margin reached 50.8% in Q3 FY2025; the surprise is that Amazon is explicitly redirecting the upside into AWS infrastructure, custom silicon, and supply-constrained AI demand rather than allowing the model to flow through cleanly.
read the full report →The market was set up for a modest revenue beat and a cleaner EPS print; what it got was evidence that AMAZON COM INC can absorb a step-up in AI infrastructure while underlying operating income clears guidance. The variant perception is that the print should be read less as a broad e-commerce acceleration and more as a capacity-constrained AWS and custom-silicon cycle whose second-order beneficiaries are TSMC and SK Hynix, while the risk is that 2026 cash CapEx becomes the new ceiling on free cash flow.
read the full report →AMAZON COM INC cleared the quarter on revenue and EPS, but the variant view is that the market is still treating the print as a broad consumer/platform beat when the actionable signal is narrower: AWS is spending aggressively enough to protect its AI position while retail margin expansion is absorbing the near-term cost. The risk is not demand, which beat by +3.7%; it is whether $31.4 billion of quarterly cash CapEx keeps converting into AWS growth without another margin step-down.
read the full report →- Q1 revenue rose 17 percent to $181.5 billion.
- Qtrly revenue rose 15 percent to $181.5 billion.