Amazon(US:AMZN) CMS·2026-02-10 06:50Investment Rating - The report maintains a "Strong Buy" rating for Amazon (AMZN.O) [2][4] Core Insights - Amazon's Q4 2025 revenue reached $213.4 billion, a year-over-year increase of 14%, with operating profit at $25 billion, up 18% year-over-year, and net profit at $21.2 billion, a 6% increase year-over-year, which aligns with expectations [1][5] - AWS revenue was $35.6 billion, showing a year-over-year growth of 24%, exceeding consensus expectations [1] - For 2026, Amazon's capital expenditure guidance is projected at approximately $200 billion, significantly higher than market expectations, indicating a focus on balancing demand and capacity [1][5] - Long-term prospects remain strong due to improvements in e-commerce fulfillment efficiency, competitive pricing, and accelerated growth in cloud services, alongside increased investments in AI [1][2] Financial Performance Summary - Total revenue projections for 2024 to 2028 are as follows: $637.96 billion (2024), $716.92 billion (2025), $810.80 billion (2026E), $908.19 billion (2027E), and $1,014.42 billion (2028E), with year-over-year growth rates of 11%, 12.4%, 13.1%, 12%, and 11.7% respectively [3][8] - Operating profit is expected to grow from $68.59 billion in 2024 to $145.04 billion in 2028, with significant growth rates, particularly in 2026 at 24.1% [3][9] - Net profit projections are $59.25 billion (2024), $77.67 billion (2025), $82.30 billion (2026E), $99.36 billion (2027E), and $118.74 billion (2028E), with a notable growth rate of 31.1% in 2025 [3][8] Stock Performance - The current stock price is $208.72, with a market capitalization of $228 billion [4] - The stock has shown absolute performance of 9.1% over the past month, 17.6% over six months, and 20.0% over the past year [5]