Amazon (AMZN) reported a significant first-quarter 2026 performance, with earnings of $2.78 per share, although adjusted earnings at $1.56 per share fell short of the Zacks Consensus Estimate of $1.60. The company’s net sales reached $181.5 billion, a 17% increase year-over-year, surpassing prior guidance of $173.5-$178.5 billion and the consensus mark by 2.07%.
Notably, Amazon’s net income soared to $30.3 billion, marking a 77% year-over-year increase, while operating income rose to $23.9 billion—up 30% from the previous year. Amazon Web Services (AWS) revenue grew 28% to $37.6 billion, achieving the fastest growth rate in 15 quarters. The company anticipates second-quarter 2026 net sales between $194 billion and $199 billion, reflecting an expected growth of 16% to 19% compared to the same period last year.
As of March 31, 2026, Amazon held $101.8 billion in cash, up from $86.8 billion in the previous quarter, while long-term debt increased to $119.1 billion. The company has committed to investing approximately $200 billion in capital expenditures throughout 2026, primarily towards AWS and AI expansion.
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