Financial Data and Key Metrics Changes - The company reported revenue of $213.4 billion, a 12% increase year-over-year, excluding foreign exchange impacts [5][28] - Operating income was $25 billion, which included special charges that reduced operating income by $2.4 billion [28][29] - Trailing twelve-month free cash flow was $11.2 billion [5] Business Line Data and Key Metrics Changes - AWS revenue grew to $35.6 billion, with a growth rate of 24% year-over-year, marking the fastest growth in 13 quarters [7][35] - North America segment revenue was $127.1 billion, up 10% year-over-year, while international segment revenue was $50.7 billion, up 11% year-over-year [30] - Advertising revenue reached $21.3 billion, growing 22% year-over-year [23][34] Market Data and Key Metrics Changes - The company saw worldwide paid units grow by 12% year-over-year, the highest quarterly growth rate in 2025 [30] - The grocery segment achieved over $150 billion in gross sales, establishing the company as a significant player in the grocery market [19] - Same-day delivery for Prime members increased by nearly 70% year-over-year [20] Company Strategy and Development Direction - The company is focusing on expanding its capabilities in AI, chips, and quick commerce, aiming to build a more meaningful business [5][17] - Investments in AWS and custom silicon are expected to drive long-term returns on invested capital [41][43] - The company plans to open over 100 new Whole Foods Market Stores and expand grocery delivery services [19][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for AWS services and the potential for AI to transform customer experiences [44][46] - The company is optimistic about the growth of its Trainium and Graviton chips, which are expected to enhance price performance and drive revenue [50][52] - The management highlighted the importance of maintaining competitive pricing and improving customer experience in retail [38][70] Other Important Information - The company achieved its fastest-ever delivery speeds for Prime members while reducing costs to serve [33] - The introduction of new features like "Add to Delivery" has significantly improved customer convenience [21][22] - The company is actively working on expanding its AI capabilities and partnerships, including with OpenAI [61][62] Q&A Session All Questions and Answers Question: Insights on long-term return on invested capital - Management discussed the ongoing investments in AWS and AI, emphasizing the strong demand and potential for long-term returns [41][42] Question: Update on Project Rainier and financial guardrails - Management confirmed strong growth in Trainium and clarified the ongoing commitment to AI investments while maintaining financial discipline [50][54] Question: Changes in the AI market and relationships with companies like OpenAI - Management described the AI market as barbelled, with significant opportunities for enterprises to leverage AI, and expressed optimism about extending partnerships with AI companies [57][62] Question: Retail business efficiency and investment areas - Management outlined the dual focus on expanding selection and improving delivery speed while also identifying areas for cost savings [72][74]

At Cash Flow Club , we focus on businesses with strong cash generation, ideally with a wide moat and significant durability. When these companies are bought at the right time, that can be highly rewarding for us. If you are interested in joining our community, start right here !Amazon.com, Inc. ( AMZN ) reported its fiscal Q4 earnings results on Thursday afternoon. The company delivered nice business growth, but margins were weaker than expected. Hefty spending planned for 2026 introduces some uncertainties ...

At Cash Flow Club , we focus on businesses with strong cash generation, ideally with a wide moat and significant durability. When these companies are bought at the right time, that can be highly rewarding for us. If you are interested in joining our community, start right here !Amazon.com, Inc. ( AMZN ) reported its fiscal Q4 earnings results on Thursday afternoon. The company delivered nice business growth, but margins were weaker than expected. Hefty spending planned for 2026 introduces some uncertainties ...

Financial Data and Key Metrics Changes - The company reported revenue of $213.4 billion, a 12% increase year-over-year, excluding foreign exchange impacts [5][29] - Operating income was $25 billion, which included special charges that reduced operating income by $2.4 billion [29] - Trailing twelve-month free cash flow was $11.2 billion, reflecting strong growth [5] Business Line Data and Key Metrics Changes - AWS revenue grew to $35.6 billion, with a growth rate of 24% year-over-year, marking the fastest growth in 13 quarters [6][35] - The North America segment revenue was $127.1 billion, up 10% year-over-year, while the international segment revenue was $50.7 billion, up 11% year-over-year [30] - The company saw a 12% increase in worldwide paid units, the highest quarterly growth rate in 2025 [30] Market Data and Key Metrics Changes - The company expanded its grocery business significantly, achieving over $150 billion in gross sales, making it a large grocer [19] - Same-day delivery for Prime members increased by nearly 70% year-over-year, with significant adoption of perishable grocery services [20][33] - Advertising revenue grew 22% year-over-year, reaching $21.3 billion in the quarter [24] Company Strategy and Development Direction - The company is focusing on AI, chips, and quick commerce as key growth areas, with strong demand already observed [5][6] - Investments in AWS and custom silicon are expected to drive long-term returns on invested capital [41][44] - The company plans to expand its grocery offerings and improve delivery speeds, aiming to enhance customer experience [19][33] Management's Comments on Operating Environment and Future Outlook - Management highlighted the unpredictability of results due to various external factors, including economic conditions and customer demand [4] - The company remains optimistic about the future, particularly in AI and cloud services, expecting continued strong demand [44][46] - Management emphasized the importance of customer experience and operational efficiency as key drivers for long-term value creation [39] Other Important Information - The company plans to invest approximately $200 billion in capital expenditures, predominantly in AWS [17] - The launch of Amazon Leo aims to provide connectivity in underserved areas, with significant interest from enterprise customers [27][37] Q&A Session Summary Question: Insights on long-term return on invested capital - Management discussed the strong demand for AI services and the expected long-term returns from current investments, emphasizing the importance of operational efficiencies [41][42][44] Question: Update on Project Rainier and financial guardrails - Management expressed excitement about the growth of Trainium and its applications, noting that the project is progressing well and has significant interest [51][52][56] Question: Changes in the AI market and relationships with companies like OpenAI - Management described the AI market as barbelled, with significant opportunities in enterprise production workloads and expressed optimism about extending partnerships with AI companies [59][60][64] Question: Retail business efficiency and investment areas - Management highlighted ongoing investments in expanding selection and improving delivery speeds while also identifying areas for cost efficiencies [73][75]

Let's get to some earnings now because Amazon's fourth quarter results are just hitting the wire. You can see we're dropping initially here a quick 8%. Q4 EPS $1.95%.The street was at a $1.96%. Uh looks like Q4 net sales I see 213.39% billion. The estimate was 211.49% billion.Uh Q4 AWS net sales XFX up 24%. The estimate was 21%. Just to break that out, it looks like that was 35.58% billion.The street was at 34.88% billion. Q4 operating margins 11.7%. That looks smack in line with what the street was looking ...

1美国2月密歇根大学消费者信心指 2 千问APP宣布投入30亿启动"春节 于2月6日正式上线 3 第25届冬季奥林匹克运动会将于 在意大利举行 2026年2月6日 星期王 II C C 4因美国政府停摆，原定于2月6日. 非农就业报告将不会如期公布 1 隔夜市场 美股三大指数集体收跌，道指跌1.2%，纳指跌1.59%，标普500指数跌1.23%，热门科技股普跌，超微电脑、高通跌超8%，微软跌近5%，亚马逊跌超4%， AMD跌超3%，特斯拉跌超2%，英伟达跌超1%。纳斯达克中国金龙指数收涨0.9%，中概股多数上涨，蔚来涨超5%，理想汽车涨超2%，哔哩哔哩涨超1%。 美国上周初请失业金人数录得23.1万人，预估21.2万人，前值20.9万人。美国1月挑战者企业裁员人数10.8万，创2009年以来同期最高。 国际油价集体下挫，截至发稿时，美油主力合约跌2.89%，报63.26美元/桶；布伦特原油主力合约跌2.85%，报67.48美元/桶。 国际贵金属大幅走低，截至发稿时，现货黄金跌4.11%，报4766.2美元/盎司；COMEX黄金期货跌3.37%，报4787.3美元/盎司。现货白银失守71美元/盎司， 跌幅达20 ...

格隆汇2月6日｜亚马逊盘后一度重挫11%。亚马逊四季度净销售2133.9亿美元，分析师预期2114.9亿美 元。四季度AWS净销售355.8亿美元，分析师预期348.8亿美元。四季度AWS提出汇率因素之后净销售增 长24%，分析师预期增长21%。四季度北美净销售1270.8亿美元，分析师预期1272.1亿美元。四季度实 体店净销售58.6亿美元，分析师预期58.8亿美元。四季度运营利润249.8亿美元，分析师预期248.2亿美 元；其中包含11亿美元费用计提和6.1亿美元。四季度EPS为1.95美元，分析师预期1.96美元。对AI、芯 片、机器人、现有服务的需求强劲。预计2026年资本开支大约2000亿美元，分析师预期1461.1亿美元。 预计一季度净销售1735亿-1785亿美元，分析师预期1755.4亿美元。业绩指引包含不额外重组的假设。 ...

I have been wanting to increase my position in Amazon.com, Inc. ( AMZN ) for a while now. I already thought the company was cheap when shares were around $220, but not cheap enough to see a largeEquity Research Analyst with a broad career in the financial market, covered both Brazilian and global stocks. As a value investor, my analysis is primarily fundamental, focusing on identifying undervalued stocks with growth potential. Feel free to reach out for collaborations or to connect!Analyst’s Disclosure: I/w ...

I have been wanting to increase my position in Amazon.com, Inc. ( AMZN ) for a while now. I already thought the company was cheap when shares were around $220, but not cheap enough to see a largeEquity Research Analyst with a broad career in the financial market, covered both Brazilian and global stocks. As a value investor, my analysis is primarily fundamental, focusing on identifying undervalued stocks with growth potential. Feel free to reach out for collaborations or to connect!Analyst’s Disclosure: I/w ...

Core Insights - The AI industry is heavily investing in data centers, with the belief that the company with the most compute power will dominate the market in the future [1][6] Company Projections - Amazon projects $200 billion in capital expenditures through 2026, a significant increase from $131.8 billion in 2025, with investments in AI, chips, robotics, and satellites [3] - Google anticipates capital expenditures between $175 billion and $185 billion for 2026, up from $91.4 billion the previous year, indicating a substantial increase in fixed asset spending [4] - Meta forecasts $115 to $135 billion in capex for 2026, while Oracle projects $50 billion, and Microsoft’s recent quarterly figure suggests a potential $150 billion if trends continue [5] Investor Sentiment - Despite the high capital expenditures, investor confidence is wavering, with stock prices of these companies dropping as they commit hundreds of billions to AI [6][10] - The pressure is not only on companies like Meta, which are still developing their AI strategies, but also on established players like Microsoft and Amazon, as the overall spending levels are causing investor discomfort [7] Industry Dynamics - The tech industry views high-end compute as a critical resource for future survival, leading to aggressive spending strategies among major companies [6] - There is a growing concern that big tech firms will need to manage perceptions of their AI investments to maintain investor confidence, despite the belief in AI's transformative potential [10]