Did Amazon.com beat or miss consensus estimates last quarter?

What guidance did Amazon.com's management provide for the next earnings period?

What is the revenue and EPS growth rate for Amazon.com year over year?

What does Amazon.com do and what are its main business segments?

What were the key takeaways from Amazon.com's earnings call?

What is Amazon.com's latest dividend and current dividend yield?

What were the key takeaways from Amazon.com’s earnings call?

What factors drove the changes in Amazon.com's revenue and profit?

- **AWS Dominance**: 20.2% YoY growth, Trainium2 fully subscribed, and 3.8GW capacity expansion highlight AWS's leadership in AI and cloud.
- **AI Breakthroughs**: AgentCore SDK adoption (1M+ downloads), Kiro IDE's 100K+ developers, and Rufus driving $10B+ sales showcase Amazon's AI innovation.
- **Grocery Revolution**: Same-day perishables in 1,000+ cities, 14% selection growth, and 70%+ new users redefine online grocery shopping.
- **Financial Strength**: $180B revenue, $14.8B free cash flow, and $9.5B Anthropic gain underscore Amazon's financial resilience and strategic investments.
- **Efficiency Drive**: 10%+ headcount reduction, 1M+ robots, and 4-day lead time improvement optimize costs while maintaining customer experience.

**【CEO Summary Section】**
- **AWS Growth and Capacity Expansion**: AWS revenue grew 20.2% YoY to $33 billion, with a 132 billion annualized run rate. AWS added 3.8 gigawatts of power capacity in the last year, aiming to double capacity by 2027. Trainium2 chips are fully subscribed, with 150% QoQ revenue growth, and Trainium3 will launch in early 2026.
- **AI Innovations**: AgentCore SDK downloaded 1 million times, enabling secure, scalable agents for enterprises like Ericsson and Cohere Health. Bedrock is on track to become as large as EC2, with 90%+ token usage on Trainium. Kiro IDE processed trillions of tokens, and Transform saved 700,000 developer hours.
- **Grocery and AI Tools**: Same-day grocery delivery expanded to 1,000 cities, with 14% selection growth. Rufus AI assistant drove $10B+ annualized sales, and Amazon Lens reached millions of monthly users.
- **Advertising Growth**: $17.6B revenue (22% YoY), with partnerships in Netflix, Spotify, and SiriusXM. Agentic AI tools reduce creative process time from weeks to hours.
- **Robotics Investment**: Over 1 million robots in fulfillment centers, with ongoing R&D to enhance safety, productivity, and speed.

**【CFO Financial Commentary】**
- **Q3 Financials**: Revenue $180.2B (12% YoY), operating income $17.4B (excluding $4.3B special charges). Free cash flow $14.8B, net income $21.2B (includes $9.5B Anthropic gain).
- **Segment Performance**: North America ($106.3B, 11% YoY), International ($40.9B, 10% YoY), AWS ($33B, 20.2% YoY). Third-party seller units 62% of total.
- **Investments**: Cash CapEx $34.2B (Q3), $89.9B YTD, focused on AI, data centers, and custom silicon. 2025 full-year CapEx ~$125B, with growth in 2026.
- **Margins and Efficiency**: AWS operating income $11.4B, driven by capacity expansion. Fulfillment network improvements reduced U.S. inbound lead time by 4 days.

**【Q&A Highlights】**
- **AWS Capacity and Chips**: Monetizing new capacity quickly; Trainium3 demand from medium to large customers. NVIDIA remains a key partner, but Trainium2 is 30-40% more price performant.
- **Grocery Strategy**: Same-day perishables a game-changer, with 70%+ new users. Whole Foods and daily shops complement online growth.
- **Headcount and AI**: 10%+ headcount reduction to streamline operations; AI tools like Rufus and robotics improve efficiency without replacing roles.
- **Agentic Commerce**: Agents like Kiro and Transform expand use cases, with potential for third-party partnerships. AgentCore enables secure, scalable AI workloads.


Amazon.com, Inc. (AMZN) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

AMZN

AMZN fundamentals

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