Amazon.com Inc.

Amazon.com Inc.

AMZN

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Market Cap$2.92T
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Amazon.com Inc.Amazon.com Inc.21.6-25%3.90.4

Earnings Call Q2 2026

July 30, 2026 - AI Summary

Amazon’s Q2 strength (consolidated): big top-line growth + strong operating leverage - Revenue: $200.6B, +20% YoY (and +36.7% YoY for AWS). - Operating income: $27.5B, +43% YoY. - Q3 net sales outlook: $197B–$202B (guidance reflects sequential deceleration mostly from Prime Day timing shift + FX headwind). - Q3 operating income outlook: $22.5B–$26.5B. - Notable items affecting comparability: ~$1.2B of expense reductions in Q2 from (1) tariff-related refunds (~$600M) and (2) energy contract derivative fair value benefit (~$600M, mainly AWS-related, unrealized).
AWS performance is accelerating and management is confident on the margin path - AWS revenue: $42.2B, +36.7% YoY, 5th straight quarter of accelerating growth (fastest in 18 quarters). - AWS annualized revenue run rate: $169B (framed as ~Fortune 500 scale if standalone). - AWS backlog: $496B, growing triple digits YoY. - AWS operating income: $16.6B; AWS operating margin up (+650 bps YoY, and +520 bps excluding the derivative accounting gain). - CFO emphasized drivers: disciplined efficiency/capacity optimization and fixed-cost management (but said margins will fluctuate with mix and investment levels).
CapEx expectations rise further, but management says the ROIC/free-cash-flow cycle is visible - Q2 cash CapEx: $53.1B (primarily AWS + generative AI). - Updated 2026 cash CapEx outlook: ~$220B (raised from ~$200B prior), with the increase attributed to higher memory costs. - Management explicitly expects capacity constraint: even at ~$220B, they won’t meet all demand in 2026, and they see a similar dynamic into 2027. - Capital cycle narrative investors should note: - Data centers: long “startup” period (spent ~2 years before monetization) but 30+ year monetization. - Servers/network: purchased closer to deployment; ~<3 years average break-even. - Result: once servers are monetized, management expects strong free cash flow and attractive ROIC, after initial headwinds.

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$323.04

Target Price by Analysts

13.7% upsideAmazon.com Target Price DetailsTarget Price
$51.99

Current Fair Value

81.7% downside

Overvalued by 81.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$2.92 Trillion
Enterprise Value$3.09 Trillion
Dividend Yield$- (-)
Earnings per Share$7.29
Beta1.46
Outstanding Shares10,756,000,000

Return

Return on Equity24.52%ROE
Return on Assets12.35%
Return on Invested Capital18.69%

Valuation & Multiples

P/E Ratio21.55P/E Ratio
PEG8.8PEG
Price to Sales3.94Price to Sales
Price to Book Ratio5.57Price to Book Ratio
Enterprise Value to Revenue3.98
Enterprise Value to EBIT19.33
Enterprise Value to Net Income22
Total Debt to Enterprise0.08
Debt to Equity0.44Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 30, 2026
EPS Estimate
$1.82
Average shareholder expectation
Revenue Estimate
$197.03 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 29, 2026
EPS Estimate
$1.96
Average shareholder expectation
Revenue Estimate
$202.03 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.8086 4.18%
Total Calls2,914,308 98.32%
Total Puts2,356,491 98.40%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %4.22% 60.25%
Total Invested$107.81B 92.53%
Investors Holding3,011 3281.00%

ESG Score

No data

About Amazon.com Inc.

CEO: Jeffrey Bezos

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation, directly influencing corporate tax structures, capital investment credits, and the overall tax burden on Amazon. Its work directly shapes fiscal policy impacting corporate profitability.

Finance

As the most powerful economic committee, it controls corporate taxation, which directly impacts Amazon's profitability. It also influences international trade policy (tariffs) affecting Amazon's global retail operations, and entitlement spending (Medicare/Medicaid) impacting its healthcare ventures.

Appropriations

This committee directly allocates discretionary federal spending, which determines the precise funding for government contracts. This directly impacts revenue streams for AWS from various federal agencies, including defense and intelligence.

Health, Education, Labor, and Pensions

Amazon's healthcare ventures (Amazon Pharmacy), Whole Foods, and massive employee base are directly impacted by this committee's oversight of drug approvals (FDA), labor laws (minimum wage, unionization), and employee benefits.

Judiciary

Amazon's dominant market position in e-commerce and cloud services makes it a frequent target for antitrust scrutiny, which this committee directly oversees. Intellectual property protection is also crucial for its diverse product lines and innovations.

Armed Services

AWS is a critical cloud computing provider for the Department of Defense (DoD), and this committee authorizes the annual NDAA, directly determining funding for defense contracts, R&D, and technology procurement relevant to Amazon.

Select Committee on Intelligence

AWS provides critical cloud services to the U.S. Intelligence Community and Department of Defense. Committee members receive classified briefings on global threats and cybersecurity, which directly informs national security spending and technology procurement relevant to Amazon.

Commerce, Science, and Transportation

This committee has vast jurisdiction directly impacting Amazon: e-commerce (interstate commerce, FTC), AWS (privacy, net neutrality), logistics (FAA, transportation regulations), and consumer product safety. It is a primary regulator for 'Big Tech'.

Homeland Security and Governmental Affairs

Amazon Web Services (AWS) is a major federal contractor, making it directly subject to government procurement regulations and oversight. The committee's focus on emerging risks like AI also directly impacts Amazon's core technology offerings.