Here’s how the company did, compared with estimates from analysts polled by LSEG:
- Earnings per share: $1.95 vs. $1.97 estimated
- Revenue: $213.39 billion vs. $211.33 billion estimated
Wall Street was also looking at other key revenue numbers:
- Amazon Web Services: $35.58 billion vs. $34.93 billion expected, according to StreetAccount
- Advertising: $21.32 billion vs. $21.16 billion expected, according to StreetAccount
Amazon said it expects capital expenditures to continue to climb higher this year as it aggressively invests in data centers and other infrastructure to meet a surge in artificial intelligence demand.
The company projected capex to hit $200 billion this year, while analysts were expecting $146.6 billion, according to FactSet.
“With such strong demand for our existing offerings and seminal opportunities like AI, chips, robotics, low earth orbit satellites, we expect to invest about $200 billion in capital expenditures across Amazon in 2026, and anticipate strong long-term return on invested capital,” CEO Andy Jassy said in a statement.
from CNBC
