Quarterly ResultApr 29, 2026, 04:45 PM
AMZN Q1 Net Sales +17% to $181.5B; Net Income +77% to $30.3B
AI Summary
Amazon.com, Inc. reported strong first quarter 2026 financial results, with net sales increasing 17% to $181.5 billion and net income surging 77% to $30.3 billion, significantly boosted by $16.8 billion in pre-tax gains from Anthropic investments. AWS sales grew 28% to $37.6 billion, marking its fastest growth in 15 quarters, while the company also highlighted its rapidly expanding custom silicon business and extensive AI investments. Despite a decrease in free cash flow due to substantial AI-related property and equipment purchases, operating cash flow increased 30%.
Key Highlights
- Net sales increased 17% to $181.5 billion in Q1 2026, up from $155.7 billion in Q1 2025.
- Net income rose 77% to $30.3 billion, or $2.78 per diluted share, including $16.8 billion pre-tax gains from Anthropic investments.
- AWS segment sales grew 28% year-over-year to $37.6 billion, its fastest growth in 15 quarters.
- Operating income increased to $23.9 billion in Q1 2026, compared with $18.4 billion in Q1 2025.
- North America segment sales increased 12% to $104.1 billion, with operating income of $8.3 billion.
- International segment sales increased 19% to $39.8 billion, with operating income of $1.4 billion.
- Operating cash flow increased 30% to $148.5 billion for the trailing twelve months.
- Free cash flow decreased to $1.2 billion for the trailing twelve months, driven by $59.3 billion in AI investments.