Key insights
- Amazon's Q1 earnings significantly exceeded expectations, driven by strong growth in AWS and advertising revenue. This positive surprise suggests continued strength in cloud spending and consumer demand, potentially boosting overall market sentiment and benefiting other tech companies. The strong earnings report could lead to upward revisions in analyst estimates for Amazon and the broader tech sector.
Amazon posted better-than-expected earnings and revenue for the first quarter on Wednesday.
Here’s how the company did, compared with estimates from analysts polled by LSEG:
- Earnings per share: $2.78 vs. $1.64 * Revenue: $181.52 vs. $177.30 billion
Wall Street was also looking at other key revenue numbers:
- Amazon Web Services: $37.59 billion vs. $36.64 billion, according to StreetAccount * Advertising: $17.24 billion vs. $16.87 billion, according to StreetAccount
Source: https://www.cnbc.com/2026/04/29/amazon-amzn-q1-earnings-report-2026.html