Dear Amazon Stock Fans, Mark Your Calendars for October 30

Core Insights - Amazon's upcoming earnings announcement on October 30 is crucial for assessing the sustainability of its artificial intelligence (AI) growth momentum, with the stock having increased over 20% in the past six months due to heightened interest in AI integration [1] - The company's performance is closely tied to the growth and margins of Amazon Web Services (AWS), with investors particularly focused on AWS chief Andy Jassy's vision for AI [2] Company Overview - Amazon is a leading player in online retail and cloud infrastructure, headquartered in Seattle, Washington, with a market capitalization exceeding $2.35 trillion. The company operates through three main segments: North America Retail, International Retail, and Amazon Web Services (AWS) [3] - Over the past year, AMZN stock has fluctuated between $161.38 and $242.52, currently trading around $230, which is approximately 5% below its yearly highs. Year-to-date, the stock has only increased by 5%, underperforming the S&P 500 Index's gain of 17% [4] Valuation Metrics - Amazon's valuation ratios include a trailing price-earnings multiple of 34.2x and 32.9x, a price-sales ratio of 3.75x, and a price-cash flow ratio of 21.2x. These ratios indicate a moderate premium compared to the average for the consumer discretionary sector, supported by a strong return on equity of 23.8% and a low debt-to-equity ratio of 0.15 [5] Recent Financial Performance - In the second quarter of 2025, Amazon reported net sales of $167.7 billion, reflecting a 13% year-over-year increase, while operating income rose 31% to $19.2 billion. The net income reached $18.2 billion, or $1.68 per share, surpassing consensus estimates. Revenue from North America increased by 11% to $100.1 billion [6]