Amazon reported its latest quarterly earnings results Wednesday, revealing sales at its cloud business, Amazon Web Services (AWS), were up 28% 12 months over 12 months to $37.6 billion from January to March.
Wall Street forecast earnings per share (EPS) of $1.65 on $177.2 billion in revenue, in accordance with analyst consensus data provided by LSEG. Amazon reported adjusted EPS of $2.78 on $181.5 billion in revenue. That net sales figure is up 17% from Q1 2025, when the corporate brought in $155.7 billion in revenue.
North America sales increased 12% to $104.1 billion. International revenue stood at $39.8 billion, a 11% rise on last 12 months, excluding changes in foreign exchange rates.
For the April-June quarter, Amazon says “net sales are expected to be between $194.0 billion and $199.0 billion, or to grow between 16% and 19% compared with second quarter 2025.” It must be noted those projections assume that Amazon’s Prime Day sale will occur in second quarter 2026.
“We’re making customers’ lives easier and higher every single day across all our businesses, and their response is driving significant growth,” said Andy Jassy, President and CEO, Amazon in a letter to shareholders. “AWS is growing 28% (our fastest growth in 15 quarters) on a really large base, our chips business topped a $20 billion revenue run rate (growing triple digits year-over-year), Promoting grew to over $70 billion in TTM revenue, and unit growth in our Stores reached 15% (the best because the tail end of covid lockdowns). We also hit exciting milestones with delivery speed (greater than 1 billion items same-day or overnight in 2026 and counting), Project Hail Mary (nearly $615 million on the box office so far and the second most successful non-sequel, non-franchise opening of recent memory), and Amazon Leo continues to resonate with prospective customers, with Delta Airlines the newest to sign on. We’re in the midst of a number of the biggest inflections of our lifetime, we’re well positioned to steer, and I’m very optimistic about what’s ahead for our customers and Amazon.”
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