For the quarter ended September 2025, Amazon (AMZN) reported revenue of $180.17 billion, up 13.4% over the same period last year. EPS came in at $1.95, compared to $1.43 in the year-ago quarter.The reported revenue represents a surprise of +1.29% over the Zacks Consensus Estimate of $177.88 billion. With the consensus EPS estimate being $1.58, the EPS surprise was +23.42%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

Core Insights - Amazon's recent layoffs of 14,000 employees were primarily driven by cultural fit rather than financial or AI considerations, as stated by CEO Andy Jassy [1] - The layoffs represent Amazon's largest job cut since 27,000 positions were eliminated in late 2022, indicating a significant shift in the company's approach to workforce management [1] Group 1: Cultural and Operational Changes - Jassy emphasized the need to reshape Amazon's culture by raising performance standards, enforcing discipline, and reducing bureaucracy [1] - The rapid growth of Amazon has led to increased layers of management, which have hindered decision-making processes [2] - The ongoing AI transformation necessitates a leaner operational structure to enhance speed and efficiency [2] Group 2: Financial Implications - The recent layoffs are estimated to incur $1.8 billion in severance costs, highlighting the financial impact of the workforce reduction [3] - Amazon previously described the job cuts as a proactive measure, suggesting that AI advancements are enabling faster innovation within the company [3] Group 3: Industry Trends - Other major tech companies, such as Google and Microsoft, are also reducing management layers to streamline operations and eliminate corporate bloat, reflecting a broader trend in the industry [2]

Amazon's third-quarter profit jumped 38% to $21. ...

格隆汇10月31日｜亚马逊(AMZN.US)第三季度财报好于预期，美股盘后大涨超13%。财报显示，亚马逊 上季度EPS为1.95美元，高于华尔街普遍预期的1.57美元。此次收益中包含来自人工智能初创公司 Anthropic的投资收益；季度营收达1802亿美元，超出分析师预期的1779亿美元。备受关注的云计算部 门AWS营收为330亿美元，高于市场预期的325亿美元。亚马逊预计，当前季度营收将在2060亿至2130 亿美元之间，市场平均预期为2084亿美元。亚马逊首席执行官安迪·贾西表示："人工智能及核心基础设 施领域显示出持续的强劲需求，公司正专注于加快产能扩张。" ...

The announcement that we made a few days ago was not really financially driven and it's not even really AIdriven. Um, not not right now at least. It's it it really it's culture and if you grow uh as fast as we did for several years, you know, the size of businesses, the number of people, the number of locations, the types of businesses you're in, you end up with a lot more people than what you had before. and you end up with a lot more layers.And when that happens, you know, sometimes without realizing it, ...

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CNBC's Jim Cramer unpacked Thursday's market action, saying that even though tech stocks took a hit, they might not stay down for long, praising recent quarters from Apple and Amazon."After Apple's good quarter and fabulous guidance, and Amazon's great quarter and great guidance, I wouldn't be surprised if the money comes right back into tech," he said. "Tech will be back in the saddle tomorrow."Stocks dipped during the session as investors analyzed quarterly reports from Big Tech. The S&P 500 declined 0.99 ...

Amazon (AMZN) came out with quarterly earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.58 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +23.42%. A quarter ago, it was expected that this online retailer would post earnings of $1.33 per share when it actually produced earnings of $1.68, delivering a surprise of +26.32%.Over the last four quarters, the company ...

Cash Flow and Investments - Operating cash flow for Q3 2025 was $35.5 billion, an increase from $26.0 billion in Q3 2024, driven by higher net income and improved working capital management [111]. - Cash capital expenditures for Q3 2025 were $34.2 billion, up from $21.3 billion in Q3 2024, primarily reflecting investments in technology infrastructure and fulfillment network capacity [112]. - The company expects to invest an additional $1.4 billion in a convertible note in Q4 2025, following a $1.3 billion investment in Q2 2025 [113]. - Cash provided by investing activities was $(26.1) billion for Q3 2025, compared to $(16.9) billion in Q3 2024, with significant variability due to marketable securities transactions [112]. - As of September 30, 2025, cash, cash equivalents, and marketable securities totaled $94.2 billion, with $20.4 billion held in foreign currencies [110]. - The company anticipates using cash on hand to settle the FTC lawsuit, indicating potential future cash flow impacts [111]. - The company has no outstanding borrowings under its unsecured revolving credit facilities as of September 30, 2025, indicating strong liquidity [115]. Tax and Regulatory Environment - The effective tax rate is expected to decrease significantly in 2025 due to the 2025 Tax Act, which reinstates 100% accelerated depreciation deductions [117]. - The company is subject to various tax controversies that could materially affect operating results or cash flows [109]. Sales and Revenue - Net sales for Q3 2025 reached $180.2 billion, a 13% increase year-over-year, with North America contributing $106.3 billion and AWS $33.0 billion [123][124][127]. - International sales grew by 14% in Q3 2025, totaling $40.9 billion, with foreign exchange rates contributing an increase of $1.5 billion [126]. - Changes in foreign exchange rates increased net sales by $1.5 billion for Q3 2025 and $1.6 billion for the nine months ended September 30, 2025 [123][126]. - International segment net sales accounted for 23% of consolidated revenues in Q3 2025, with a positive impact of $1.5 billion from foreign exchange rate fluctuations compared to Q3 2024 [160]. Operating Expenses - Total operating expenses for Q3 2025 were $162.7 billion, reflecting a 15% increase year-over-year, with cost of sales rising by 10% [128]. - Fulfillment costs increased by 12% in Q3 2025, totaling $27.7 billion, influenced by sales growth and investments in the fulfillment network [134]. - Technology and infrastructure costs rose by 30% in Q3 2025, amounting to $29.0 billion, primarily due to increased infrastructure spending [136][137]. - Sales and marketing expenses increased by 10% in Q3 2025, totaling $11.7 billion, driven by higher advertising costs [140]. - General and administrative costs for Q3 2025 were $2.9 billion, reflecting an increase primarily due to severance costs [142]. Operating Income - Operating income for Q3 2025 was $17.4 billion, with a nine-month total of $55.0 billion, reflecting charges of $2.5 billion for a lawsuit settlement and $1.8 billion in severance costs [144]. - North America operating income decreased in Q3 2025 due to increased operating and shipping costs, despite higher unit and advertising sales; however, it increased for the nine months ended September 30, 2025, primarily due to increased unit sales [145]. - International operating income decreased in Q3 2025 due to higher shipping and fulfillment costs, but increased for the nine months ended September 30, 2025, driven by higher unit and advertising sales [146]. - AWS operating income increased in Q3 2025 due to higher sales, offset by technology infrastructure spending and severance costs; this trend continued for the nine months ended September 30, 2025 [147][148]. Other Income and Tax Provisions - Interest income was $1.1 billion in Q3 2025, with a nine-month total of $3.3 billion, primarily due to a higher average balance of invested funds [149]. - Other income increased to $10.2 billion in Q3 2025 and $14.1 billion for the nine months ended September 30, 2025, mainly from adjustments related to investments in Anthropic [151]. - The income tax provision for the nine months ended September 30, 2025, was $14.1 billion, including $354 million of net discrete tax expense related to gains from investments in Anthropic [152]. Cash Flow Forecast - Free cash flow for the trailing twelve months ended September 30, 2025, was $14.8 billion, down from $47.7 billion in the prior year, reflecting increased capital expenditures [154]. - Guidance for Q4 2025 anticipates net sales between $206.0 billion and $213.0 billion, representing a growth of 10% to 13% compared to Q4 2024, with expected operating income between $21.0 billion and $26.0 billion [157]. Investment Valuations - As of September 30, 2025, the recorded value in equity, equity warrant, and convertible debt investments in public and private companies was $46.9 billion [163]. - Equity and equity warrant investments in publicly traded companies amounted to $4.8 billion, including the investment in Rivian, and are recorded at fair value [163]. - Equity warrant investments in private companies are recorded at fair value, with adjustments made for observable price changes or impairments [163]. - The available-for-sale convertible debt investments in private companies, primarily related to Anthropic, are also recorded at fair value [163]. - Valuations of private companies are complex due to the lack of readily available market data [163]. - Current global economic conditions contribute to additional uncertainty in market valuations [163]. - Market sensitivities are considered impractical under the current economic conditions [163].

"我有两家店铺的主体是深圳的，其中一家就收到短信了，说我们申报的三季度增值税销售收入，少于 互联网平台企业向税务机关报送的收入金额，要求及时自查更正，避免产生不必要的法律风险和经济损 失。"深圳的一位跨境卖家陈先生对记者表示，他还有几家店铺主体在厦门，部分店铺也接到了税务机 关的电话通知。 近期，亚马逊等境内外电商平台启动中国卖家涉税信息报送的举动在中国跨境电商行业"炸开了锅"。根 据亚马逊发布的通知，2025年10月起，亚马逊将按季度向中国税务机关报送中国卖家相关信息，包括卖 家身份、交易数量、收入以及佣金和服务费等信息。亚马逊还提到，平台将于2025年10月31日前进行首 次季度信息报送，范围涵盖2025年第三季度（7月至9月）。 证券时报记者从业内了解到，不少跨境卖家已经收到税务机关发送的税务自查短信，第三方咨询机构也 频繁接到跨境卖家关于应对措施的咨询。这意味着，税务系统已实现与互联网平台数据打通，部分跨境 电商企业长期存在的税务漏洞将被堵上，行业合规化发展大幕徐徐开启。 头部平台已报送卖家信息 据称，这是中国跨境卖家首次收到此类税务信息提醒，但并非突如其来。今年6月，国务院发布《互联 网平台企业涉税 ...