Amazon.com, Inc. (AMZN) Announced Q1 2026 Earnings on April 29, 2026, Reporting $181.5 billion in revenue for the quarter.

Amazon.com, Inc. reported worldwide revenue of $181.5 billion for the first quarter of 2026, which represents a 17 percent increase year-over-year, or a 15 percent increase excluding the favorable impact from foreign exchange.

Worldwide operating income for the quarter was $23.9 billion with an operating margin of 13.1 percent.

The AWS segment reported revenue of $37.6 billion, which management noted was a 28 percent year-over-year growth rate, with AWS operating income reaching $14.2 billion for the quarter.

North America segment operating income was $8.3 billion, and International segment operating income was $1.4 billion.

Cash capital expenditures were $43.2 billion in Q1, which management stated primarily relates to AWS and generative AI.Management emphasized significant growth and investment in artificial intelligence, noting that the AWS AI revenue run rate is over $15 billion and that AWS is now a $150 billion annualized revenue run rate business.

Discussing custom silicon, CEO Andy Jassy stated, "at scale, we expect Trainium will save us tens of billions of dollars of CapEx each year and provide several hundred basis points of operating margin advantage versus relying on other chips for inference". In the retail business, overall unit growth was 15 percent, and perishable sales have grown over 40x year-over-year.

Management also highlighted that they have delivered more than 1 billion items same-day overnight so far this year.

For the second quarter of 2026, management expects net sales to be between $194 billion and $199 billion.

Second quarter operating income is expected to be between $20 billion and $24 billion.

This guidance assumes a year-over-year cost increase of approximately $1 billion related to Amazon Leo as the company manufactures and launches more satellites in preparation for its commercial service offering.

Notable announcements included making OpenAI models available in Amazon Bedrock, starting with the GPT 5.4 model.

The company discussed an agreement with Anthropic for over $100 billion, over $225 million in revenue commitments for Trainium, and a commitment from Meta to use tens of millions of Graviton cores.

Additionally, Amazon announced a planned acquisition of Globalstar to expand the Amazon Leo satellite network with direct-to-device capabilities, alongside an agreement with Apple for Amazon Leo to power satellite services for iPhones and Apple Watches.