<div id="readability-page-1">Shares of Amazon initially fell but are now 1.7% higher on earnings.<ul><li>Revenue of $181.5B vs $177.3B exp</li><li>Q2 revenue guide of $194-199B vs $188.9B exp (but this does include Prime Day in Q2 this year)</li></ul>On capex, the release says $44.2B in purchases of property and equipment (vs. $25.0B in Q1 2025 — up 77% YoY). TTM FCF is now just $1.2B, down from $25.9B a year ago — a 95% YoY.Amazon borrowed $53.4B in long-term debt this quarter (vs. $746M in Q1 2025). Long-term debt on the balance sheet went from $65.6B at year-end to $119.1B at March 31 — nearly doubled in one quarter.Amazon doesn't guide on capex but you can see the trajectory.</div>

The earnings reports of the four tech giants are all out, and all exceeded expectations! Google Cloud revenue grew 63% year-over-year, driving its stock price up 7% in after-hours trading; Amazon AWS's growth rate hit a near three-year high; Microsoft's stock price fell; Meta was hammered by over 6% due to another increase in capital expenditures. Apple, the final company to report, exceeded expectations and increased its share buyback program. How were your bets this earnings week? Share your results!

The earnings reports of the four tech giants are all out, and all exceeded expectations! Google Cloud revenue grew 63% year-over-year, driving its stock price up 7% in after-hours trading; Amazon AWS's growth rate hit a near three-year high; Microsoft's stock price fell; Meta was hammered by over 6% due to another increase in capital expenditures. Apple, the final company to report, exceeded expectations and increased its share buyback program. How were your bets this earnings week? Share your results!

Super Earnings Week Wraps Up — Apple Beats Expectations!

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Amazon reported a revenue of $181.5 billion, exceeding expectations of $177.3 billion, and provided a Q2 revenue guidance of $194-199 billion. Despite an initial drop, shares rose 1.7%. Capital expenditures reached $44.2 billion, a 77% increase YoY, while TTM free cash flow plummeted to $1.2 billion, down 95% YoY. The company borrowed $53.4 billion in long-term debt this quarter, nearly doubling its total long-term debt to $119.1 billion since year-end.

Amazon reports revenue and guidance beat