AMAZON COM INC Quarterly Report for Q1 Ended Mar 31, 2026

Summary

Amazon.com, Inc. reported a strong first quarter for fiscal year 2026, demonstrating robust top-line growth and significant improvements in profitability. Total net sales surged by 17% year-over-year to $181.5 billion, driven by robust performance across all segments, particularly AWS, which saw a notable 28% increase in sales. Operating income also saw substantial growth, climbing to $23.9 billion from $18.4 billion in the prior year period. This financial strength is underpinned by continued customer engagement and effective operational execution. The company's strategic investments, including a significant $15 billion investment in OpenAI, are positioning it for future growth in emerging technologies like artificial intelligence. Despite increased investments in technology and infrastructure, particularly to support AWS growth, Amazon maintained healthy operating margins. The company's liquidity remains strong, with substantial cash, cash equivalents, and marketable securities, providing flexibility for ongoing investments, strategic acquisitions, and returning capital to shareholders. The outlook for the second quarter of 2026 remains positive, with guidance indicating continued strong sales growth.

Key Highlights

• 1Total net sales increased by 17% year-over-year to $181.5 billion in Q1 2026.
• 2AWS segment sales grew by an impressive 28%, reaching $37.6 billion.
• 3Operating income increased by 29.9% year-over-year to $23.9 billion.
• 4Net income more than doubled, increasing to $30.3 billion from $17.1 billion in the prior year period.
• 5The company made a significant $15 billion investment in OpenAI, signaling a strategic focus on artificial intelligence.
• 6Cash provided by operating activities increased by 53% to $26.0 billion for the quarter.
• 7Amazon.com, Inc. announced a definitive merger agreement to acquire Globalstar, Inc. for approximately $10.9 billion.

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