Added to YB: 2026-05-01
Pitch date: 2026-04-30
AMZN [neutral]
Amazon.com, Inc.
Author Info
Company Info
Amazon.com, Inc. engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally.
Market Cap
$2.8T
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
18.66
P/E
31.49
EV/Sales
3.90
Sector
Broadline Retail
Category
growth
Amazon.com, Inc. (AMZN) - Q1 2026
AMZN (earnings): Q1 rev $181.5B (+17% YoY) beat $177.3B est; AWS $37.6B (+28% YoY) w/ 37.7% margin beat fears of AI mix compression. Q2 rev guide $194-199B crushed $189B est. EPS $2.78 vs $1.63 est but included $16.8B Anthropic gain. Custom chips $20B run rate, $225B Trainium commitments. TTM FCF only $1.2B as capex hit $147.3B. Q2 OI guide $20-24B deliberately burdened w/ Leo satellite costs, seasonal SBC, fuel inflation. Memory scarcity may accelerate AWS migration. Trades 28.8x FY26 OI, 22.9x FY27 OI. Thesis: AI capex building structural margin advantage if Trainium proves out, but needs 2027-28 cash conversion proof.
Read full article (11 min)