"Amazon's net income for Q1 2026 reached $30.3 billion, nearly doubling from $17.1 billion in the same period last year, with earnings per share at $2.78."
"Roughly $16.8 billion of Amazon's pre-tax income came from a revaluation of its investment in Anthropic, pushing its cumulative investment to a mark-to-market value exceeding $70 billion."
"AWS revenue grew 28% to $37.6 billion, representing its fastest growth rate in more than three years, while advertising revenue jumped 24% to $17.2 billion."
"Free cash flow collapsed 95% to $1.2 billion as capital expenditures hit $44.2 billion, indicating a significant increase in investment despite strong revenue growth."
Amazon's Q1 2026 net sales increased by 17% year on year to $181.5 billion, surpassing analyst expectations. Net income nearly doubled to $30.3 billion, driven partly by a $16.8 billion pre-tax gain from its Anthropic investment. AWS revenue grew 28% to $37.6 billion, marking its fastest growth in three years. Advertising revenue also rose by 24% to $17.2 billion. However, free cash flow fell 95% to $1.2 billion due to increased capital expenditures of $44.2 billion, complicating the profit picture.
Read at TNW | Amazon
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