Amazon Earnings: Will $200 Billion AI Spend Trigger a Plunge?
Will Amazon's massive $200 billion artificial intelligence spending spree pay off, or is Wall Street about to punish the tech giant?
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. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, fire tablets, fire TVs, echo, ring, blink, and eero; and develops and produces media content. In addition, the company offers programs that enable sellers to sell their products in its stores; and programs that allow authors, independent publishers, musicians, filmmakers, Twitch streamers, skill…
| Quarter | Revenue | YoY | Net Income | EPS (dil.) | YoY | Gross Margin | Op. Margin |
|---|---|---|---|---|---|---|---|
| Q1 2026 Mar 2026 | $181.52B | +16.6% | $30.26B | $2.78 | +74.8% | 51.8% | 13.1% |
| Q4 2025 Dec 2025 | $213.39B | +13.6% | $21.19B | $1.95 | — | 48.5% | 11.7% |
| Q3 2025 Sep 2025 | $180.17B | — | $21.19B | $1.95 | — | 50.8% | 9.7% |
| Q2 2025 Jun 2025 | $167.70B | — | $18.16B | $1.68 | — | 51.8% | 11.4% |
| Q1 2025 Mar 2025 | $155.67B | — | $17.13B | $1.59 | — | 50.6% | 11.8% |
Data from Yahoo Finance. YoY compares the same quarter of the prior fiscal year.
Will Amazon's massive $200 billion artificial intelligence spending spree pay off, or is Wall Street about to punish the tech giant?