Overview

• Amazon reported Q1 earnings of $1.59 per share on $155.6 billion in revenue, surpassing analyst expectations of $1.37 per share and $155.1 billion in revenue.
• AWS cloud services grew 18% year-over-year to $29.3 billion, aligning with forecasts and continuing its role as a key revenue driver.
• The company provided Q2 sales guidance of $159–164 billion, falling short of Wall Street's expectations and raising concerns over tariff-related cost pressures.
• President Trump's 145% tariffs on Chinese imports have significantly impacted Amazon's supply chain, with analysts estimating over 50% of its marketplace items are affected.
• Amazon's stock has dropped 17% year-to-date as investors weigh the financial and political challenges of navigating U.S.–China trade tensions.