Want to see AMZN full AI Analyst Report?
Top Page
Amazon
(NASDAQ:AMZN)
Select Model
Select Model
Rating:70Outperform
Price Target:
$262.00
▲(4.57% Upside)
Action:Upgraded
Date:06/13/26
The score is driven primarily by strong profitability and improved leverage, supported by a constructive earnings outlook led by accelerating AWS/AI performance. The main offsets are pressured TTM free cash flow amid heavy investment, weak near-term technical momentum, and a valuation that offers limited cushion without a dividend.
Positive Factors
AWS growth & AI traction
AWS is a durable, high‑margin earnings engine: accelerated 28% growth to a ~$150B run rate, with AI services (Bedrock) and custom silicon adoption driving sustained enterprise spend and operating income contribution over coming quarters.
Negative Factors
Heavy capex pressuring free cash flow
Very large, sustained CapEx—primarily for AWS and generative AI capacity—compresses free cash flow until new capacity is monetized. Negative TTM FCF reduces near‑term financial flexibility and raises the payback horizon on recent investments.
Read all positive and negative factors
Positive Factors
Negative Factors
AWS growth & AI traction
AWS is a durable, high‑margin earnings engine: accelerated 28% growth to a ~$150B run rate, with AI services (Bedrock) and custom silicon adoption driving sustained enterprise spend and operating income contribution over coming quarters.
Read all positive factors
Amazon Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyAmazon (AMZN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.61T
Dividend YieldN/A
Average Volume (3M)41.58M
Price to Earnings (P/E)28.6
Beta (1Y)1.52
Revenue Growth14.22%
EPS Growth35.55%
CountryUS
Employees1,560,000
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)8.49
Shares Outstanding10,757,109,000
10 Day Avg. Volume46,158,010
30 Day Avg. Volume41,580,258
Financial Highlights & Ratios
PEG Ratio1.10
Price to Book (P/B)5.98
Price to Sales (P/S)3.43
P/FCF Ratio319.64
Enterprise Value/Market Cap1.02
Enterprise Value/Revenue3.59
Enterprise Value/Gross Profit7.08
Enterprise Value/Ebitda14.13
Forecast
1Y Price Target
$319.26Price Target Upside27.42% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering45
EPS Forecast (FY)8.82
Revenue Forecast (FY)$824.27B
Amazon Business Overview & Revenue Model
Company Description
Amazon.com, Inc. operates a vast global retail enterprise, distributing consumer goods and subscription services through both its extensive online platforms and a network of physical stores across North America and internationally. Its operations ...
How the Company Makes Money
Amazon primarily makes money through multiple large revenue streams: (1) Online and physical stores: It sells a wide range of products directly to consumers (first-party retail) via Amazon.com and related sites and through certain physical retail ...
Amazon Earnings Call Summary
Earnings Call Date:Apr 29, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call emphasized strong top-line and segment-level performance—particularly accelerating AWS growth, AI momentum, rapid expansion of custom silicon, robust retail and delivery improvements, and growing advertising and LEO commitments. Management also highlighted major ongoing investments (Q1 CapEx $43.2B) and short-term headwinds from supply-chain inflation, fulfillment and transportation cost increases, LEO-related near-term costs, and Trainium capacity constraints. Overall, positive operational and revenue momentum is tempered by notable near-term investment-driven cash flow pressure and supply/capacity risks.Positive Updates
Strong Revenue and Operating Income
Worldwide revenue of $181.5 billion, up 17% year over year (net sales +15% excluding a $2.9 billion favorable FX impact). Operating income of $23.9 billion with an all-time high operating margin of 13.1%.
Negative Updates
Heavy Short-Term CapEx Pressure
Q1 cash CapEx of $43.2 billion and commentary that rapid AWS growth leads to CapEx outpacing revenue in early years, which can challenge near-term free cash flow until new capacity is monetized.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Revenue and Operating Income
Worldwide revenue of $181.5 billion, up 17% year over year (net sales +15% excluding a $2.9 billion favorable FX impact). Operating income of $23.9 billion with an all-time high operating margin of 13.1%.
Read all positive updates
Company Guidance
Amazon guided Q2 2026 net sales of $194–$199 billion and operating income of $20–$24 billion, assuming Prime Day occurs in most large geographies in Q2 (with Australia, Brazil, India and Japan in Q3); they estimate a roughly 10‑basis‑point year‑over‑year foreign‑exchange headwind for the quarter. The outlook reflects a seasonal step‑up in stock‑based compensation, an expected ~ $1 billion year‑over‑year North America cost increase tied to Amazon LEO (with some LEO costs to be capitalized beginning in Q4), and higher transportation costs from fuel inflation that are partially offset by a fuel‑ and logistics‑related FBA surcharge; management said the guidance incorporates current order trends and assumes no additional acquisitions, restructurings, or legal settlements.Amazon Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 742.78B | 716.92B | 637.96B | 574.78B | 513.98B | 469.82B |
| Gross Profit | 375.88B | 360.51B | 311.67B | 270.05B | 225.15B | 197.48B |
| EBITDA | 188.44B | 165.34B | 123.81B | 89.40B | 38.35B | 74.39B |
| Net Income | 90.80B | 77.67B | 59.25B | 30.43B | -2.72B | 33.36B |
Balance Sheet | ||||||
| Total Assets | 916.63B | 818.04B | 624.89B | 527.85B | 462.68B | 420.55B |
| Cash, Cash Equivalents and Short-Term Investments | 143.09B | 123.03B | 101.20B | 86.78B | 70.03B | 96.05B |
| Total Debt | 209.89B | 152.99B | 130.90B | 135.61B | 140.12B | 116.39B |
| Total Liabilities | 474.72B | 406.98B | 338.92B | 325.98B | 316.63B | 282.30B |
| Stockholders Equity | 441.91B | 411.06B | 285.97B | 201.88B | 146.04B | 138.25B |
Cash Flow | ||||||
| Free Cash Flow | -2.47B | 7.70B | 32.88B | 32.22B | -16.89B | -14.73B |
| Operating Cash Flow | 148.53B | 139.51B | 115.88B | 84.95B | 46.75B | 46.33B |
| Investing Cash Flow | -176.95B | -142.54B | -94.34B | -49.83B | -37.60B | -58.15B |
| Financing Cash Flow | 62.48B | 9.66B | -11.81B | -15.88B | 9.72B | 6.29B |
Amazon Technical Analysis
Positive
250.56
Price Trends
255.42
Negative
235.48
Positive
232.98
Positive
Market Momentum
-4.39
Negative
48.70
Neutral
63.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMZN, the sentiment is Positive. The current price of 250.56 is above the 20-day moving average (MA) of 240.25, below the 50-day MA of 255.42, and above the 200-day MA of 232.98, indicating a neutral trend. The MACD of -4.39 indicates Negative momentum. The RSI at 48.70 is Neutral, neither overbought nor oversold. The STOCH value of 63.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AMZN.
Amazon Risk Analysis
Amazon disclosed 24 risk factors in its most recent earnings report. Amazon reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Amazon Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $2.90T | 23.17 | 33.13% | 0.44% | 17.87% | 29.63% | |
78 Outperform | $4.34T | 27.18 | 38.98% | 0.26% | 17.77% | 46.22% | |
71 Outperform | $50.99B | 25.52 | 44.12% | 1.38% | 13.15% | 5.89% | |
70 Outperform | $2.61T | 28.58 | 23.34% | ― | 14.22% | 35.55% | |
70 Outperform | C$222.44B | 115.98 | 10.52% | ― | 30.85% | -15.81% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | $230.44B | 14.40 | 10.00% | 1.31% | 4.44% | -16.38% |
* Consumer Cyclical Sector Average
AMZN
Amazon
244.16
20.69
9.26%
EBAY
eBay
113.67
38.72
51.67%
MSFT
Microsoft
386.74
-107.03
-21.68%
BABA
Alibaba
97.91
-7.41
-7.04%
TSE:SHOP
Shopify
170.70
11.37
7.14%
GOOG
Alphabet Class C
364.90
187.85
106.10%
Amazon Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Amazon Raises C$13.9 Billion in Canadian Bond Offering
Positive
Jun 12, 2026
On June 12, 2026, Amazon.com, Inc. completed a multi-tranche Canadian dollar bond offering totaling C$13.967 billion in aggregate public offering price, issuing notes maturing between 2029 and 2056 with coupons ranging from 3.400% to 5.000%. After...
Business Operations and StrategyPrivate Placements and Financing
Amazon Secures $17.5 Billion Delayed Draw Term Loan
Positive
Jun 10, 2026
On June 8, 2026, Amazon.com, Inc. entered into a $17.5 billion senior unsecured delayed draw term loan credit facility with Citibank N.A. as administrative agent, providing committed financing that can be drawn until September 30, 2026 and matures...
Executive/Board ChangesShareholder Meetings
Amazon Shareholders Back Board, Pay and Governance Status Quo
Positive
May 22, 2026
At its May 20, 2026 Annual Meeting of Shareholders, Amazon re‑elected all nominated directors, including founder Jeffrey P. Bezos and CEO Andrew R. Jassy, to serve until the next annual meeting, reinforcing continuity in the company’s ...
Business Operations and StrategyM&A Transactions
Amazon to Acquire Globalstar, Expanding Satellite Connectivity
Positive
Apr 14, 2026
On April 14, 2026, Amazon.com, Inc. and Globalstar, Inc. announced a definitive merger agreement under which Amazon will acquire Globalstar, including its mobile satellite services operations, infrastructure, and globally authorized spectrum licen...
Business Operations and StrategyShareholder Meetings
Amazon Highlights Robotics, Rural Delivery and LEO Expansion
Positive
Apr 9, 2026
In its 2025 shareholder letter, Amazon’s leadership reflected on the non-linear evolution of key businesses such as AWS and outlined how the company aims to navigate major technological and geopolitical inflection points. The letter emphasiz...
Business Operations and StrategyPrivate Placements and Financing
Amazon Completes Major Multi-Tranche Euro Bond Issuance
Positive
Mar 16, 2026
On March 16, 2026, Amazon.com, Inc. completed the sale of €14.473 billion of euro‑denominated notes across multiple maturities, including floating rate notes due 2028 and fixed‑rate tranches maturing between 2028 and 2064. After ...
Business Operations and StrategyPrivate Placements and Financing
Amazon Completes Massive Multi-Tranche Corporate Debt Offering
Positive
Mar 13, 2026
On March 13, 2026, Amazon.com, Inc. closed a massive multi‑tranche debt offering, issuing a total of $36.898 billion in notes across floating‑rate and fixed‑rate maturities ranging from 2028 to 2076. The transaction, underwritten...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.