亚马逊第一季度净利润同比增长超六成，云计算业务增速放缓

Core Insights - Amazon reported Q1 2025 net sales of $155.67 billion, a 9% increase year-over-year from Q1 2024 [2] - The company's net profit reached $17.13 billion, marking a 64% increase compared to Q1 2024 [2] - Earnings per share (EPS) were $1.59, up 62% from the same period last year [2] Revenue Breakdown - Product net sales for Q1 2025 were $63.97 billion, up from $60.92 billion in Q1 2024 [2] - Service net sales reached $91.70 billion, an increase from $82.40 billion in Q1 2024 [2] - Amazon Web Services (AWS) net sales for Q1 2025 were $29.27 billion, a 17% increase from $25.04 billion in Q1 2024, although growth slowed from 19% in Q4 2024 [2] Profitability Metrics - AWS operating income was $11.55 billion, up 23% from $9.42 billion in Q1 2024 [2] - The operating margin for AWS was 39.5%, an increase from 37.6% in Q1 2024 [2] Future Guidance - For Q2 2025, Amazon expects net sales between $159 billion and $164 billion, representing a year-over-year growth of 7% to 11% [3] - The company anticipates operating income for Q2 2025 to be between $13 billion and $17.5 billion, compared to $14.7 billion in Q2 2024 [3] External Factors - Amazon's guidance includes potential impacts from tariffs and trade policies, with CEO Andy Jassy expressing optimism about navigating the current tariff environment [3] - The company has proactively purchased inventory to mitigate potential supply chain disruptions [3]