📊 Amazon 2026 Q1 Earnings Summary:

📌 1. Key Financial Data

Net Sales: $181.5 billion (YoY +17%)

Operating Income: $23.9 billion (vs. $18.4 billion last year)

Net Income: $30.3 billion (YoY +77%)

Earnings Per Share: $2.78 (significantly exceeding expectations)

Includes $16.8 billion investment gain from Anthropic (one-time)

📌 2. Segment Performance

🇺🇸 North America

Revenue: $104.1 billion (+12%)

Operating Income: $8.3 billion

🌍 International

Revenue: $39.8 billion (+19%)

Operating Income: $1.4 billion

☁️ AWS (Cloud Computing)

Revenue: $37.6 billion (+28%)

Operating Income: $14.2 billion

📌 3. Cash Flow

Operating Cash Flow (TTM): $148.5 billion (+30%)

Free Cash Flow: only $1.2 billion (significantly decreased due to capital expenditures)

🚀 4. AI Strategy

1️⃣ In-house Chips (Trainium / Graviton)

2.1 million AI chips deployed

Will deploy 1 million+ NVIDIA GPUs (so "达子哥" will see value return $NVIDIA(NVDA.US))

2️⃣ Major Customer Commitments

OpenAI: Will use approximately 2GW of computing power

Anthropic: Up to 5GW of computing power

3️⃣ Bedrock (AI Platform)

Customer spending grew 170% quarter-on-quarter

Token usage exceeded the sum of all historical usage.

Earnings Report Link: https://s2.q4cdn.com/299287126/files/doc_earnings/2026/q1/earnings-result/AMZN-Q1-2026-Earnings-Release.pdf