Amazon Q1 Earnings Report: EPS Doubled Expectations, Excluding Investment Income Below Expectations

CryptoWorld News reports that Amazon has released its first-quarter financial results. Total revenue was $181.5 billion, up 17% year over year, exceeding Wall Street’s expectation of $177.3 billion. Earnings per share were $2.78, far above analysts’ expected $1.64, but after excluding $16.8 billion in investment income from Anthropic, adjusted earnings per share were approximately $1.61, which is $0.01 lower than expected. The stock price fell by more than 3% in after-hours trading. AWS revenue was $37.59 billion, up 28% year over year, exceeding the expected $36.64 billion, which is the fastest growth rate in 15 quarters. Operating profit was $14.16 billion, and the operating profit margin was 37.7%, far above the expected $12.84 billion. CEO Andy Jassy said that the annualized revenue from internally developed chips has already surpassed $20 billion, with more than 2.1 million AI chips deployed over the past 12 months. The Q2 revenue guidance is $194 billion to $199 billion, higher than analysts’ expected $188.9 billion.

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