AcquisitionsApr 30, 2026, 06:12 AM
AMZN to Acquire Globalstar for ~$10.9B; Q1 Net Income +76.6%
AI Summary
Amazon.com, Inc. announced its definitive merger agreement to acquire Globalstar, Inc. for approximately $10.9 billion in cash and stock, expected to close in 2027. For Q1 2026, the company reported a significant increase in net income to $30.26 billion, up 76.6% year-over-year, with total net sales rising 16.6% to $181.52 billion. AMZN also made substantial investments in AI companies, including $15.0 billion in OpenAI and an additional $5.0 billion in Anthropic post-quarter, alongside an expanded $100.0 billion commercial arrangement with OpenAI.
Key Highlights
- AMZN to acquire Globalstar for approximately $10.9 billion in cash and stock.
- Q1 2026 Net Income increased 76.6% to $30.26 billion.
- Q1 2026 Total Net Sales rose 16.6% to $181.52 billion.
- Q1 2026 Diluted Earnings Per Share grew 74.8% to $2.78.
- Q1 2026 Operating Income increased 29.6% to $23.85 billion.
- Invested $15.0 billion in OpenAI Series C Preferred Stock in Q1 2026.
- Recorded $12.3 billion upward adjustment for Anthropic nonvoting preferred stock.
- AWS and OpenAI expanded multi-year commitment by $100.0 billion over 8 years.
Price Impact
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