AMAZON.COM INCORPORATED (AMZN)

Financial highlights

• Net sales (revenue): $181.5 billion, up 17% YoY (15% FX-neutral) from $155.7 billion in Q1 2025 • Operating income: $23.9 billion, record operating margin of 13.1% • Net income: $30.3 billion (up from $17.1 billion in Q1 2025), including a one-time pre-tax gain of $16.8 billion in non-operating income (likely related to an equity investment mark-to-market gain) • Diluted EPS: $2.78 vs. $1.59 in Q1 2025 • AWS growth: ~28% YoY per Yahoo Finance news summary (segment detail not fully broken out in press release excerpts) • Capital expenditures: $44.2 billion in the quarter, reflecting heavy AI infrastructure investment (data centers, custom silicon) • Foreign exchange: $2.9 billion favorable FX impact on net sales • Stock reaction: shares traded down ~3% after-hours despite the beat, as investors weighed elevated capex against strong results • Note: The $16.8 billion pre-tax non-operating gain is a significant one-time item inflating net income and EPS relative to core operating performance