AMZN Quarterly Revenue $181.5 billion (up 17% YoY)

Net sales increased 17% to $181.5 billion in the first quarter, compared with $155.7 billion in first quarter 2025. Operating income increased to $23.9 billion in the first quarter, compared with $18.4 billion in first quarter 2025. Net income increased to $30.3 billion in the first quarter, or $2.78 per diluted share, compared with $17.1 billion, or $1.59 per diluted share, in first quarter 2025. \* First quarter 2026 net income includes pre-tax gains of $16.8 billion included in non-operating income from our investments in Anthropic. Free cash flow decreased to $1.2 billion for the trailing twelve months, driven primarily by a year-over-year increase of $59.3 billion in purchases of property and equipment, net of proceeds from sales and incentives. https://ir.aboutamazon.com/news-release/news-release-details/2026/Amazon-com-Announces-First-Quarter-Results/ \------ Position: Long AMZN, since 2021. NFA.