Amazon.com, Inc. Q1 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Amazon Q1 2026 Earnings Summary

Financial Performance

  • Revenue was 181.5 billion dollars, up 17 percent year-over-year, or 15 percent excluding a 2.9 billion dollar favorable foreign exchange impact (compared to Q1 2025).
  • Operating income reached 23.9 billion dollars, the highest in company history, with an operating margin of 13.1 percent, up from the prior year.
  • North America revenue was 104.1 billion dollars, up 12 percent. Operating margin improved to 7.9 percent.
  • International revenue was 39.8 billion dollars, up 11 percent excluding foreign exchange. Operating margin was 3.6 percent.
  • AWS revenue grew 28 percent year-over-year to 37.6 billion dollars, accelerating for the fourth straight quarter from 23.2 percent growth last quarter. AWS operating income was 14.2 billion dollars.

AWS and AI Highlights

  • AWS growth rate of 28 percent is the fastest in 15 quarters and achieved on a base nearly double the size compared to the last time AWS grew this fast.
  • AWS is now a 150 billion dollar annualized revenue run rate business.
  • The AI business within AWS has a 15 billion dollar annualized run rate after only three years, 260 times larger than AWS’ three-year run rate in its early days.

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Operator: Thank you for standing by. Good day, everyone, and welcome to the Amazon.com First Quarter 2026 Financial Results Teleconference. [Operator Instructions] Today's call is being recorded. And for opening remarks, I will be turning the call over to the Vice President of Investor Relations, Mr. Dave Fildes. Thank you, sir. Please go ahead. Dave Fildes: Hello, and welcome to our Q1 2026 financial results conference call. Joining us today to answer your questions is Andy Jassy, our CEO; and Brian Olsavsky, our CFO. As you listen to today's conference call, we encourage you to have our press release in front of you, which includes our financial results as well as metrics and commentary on the quarter. Please note, unless otherwise stated, all comparisons in this call will be against our results for the comparable period of 2025. Our comments and responses to your questions reflect management's views as of today, April 29, 2026, only, and will include forward-looking statements. Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in today's press release and our filings with the SEC, including our most recent annual report on Form 10-K and subsequent filings. During this call, we may discuss certain non-GAAP financial measures. In our press release, slides accompanying this webcast and our filings with the SEC, each of which is posted on our IR website, you will find additional disclosure

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