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/AMZN
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Amazon.com Inc

Amazon.com Inc

AMZN
$247.23USD↓-1.06%-2.66 today

MARKET CAP

2.66T

P/E (TTM)

34.8x

FWD P/E

27.6x

DAY RANGE

$244 – $250

52W RANGE

$196
$279

AI Summary

Stalk
Buy NowMedium

AMZN is in a Stage 2 advancing corrective reset within an uptrend, supported by rising EMAs and confirmed by bullish pivot and lockout rally patterns. Price is currently pulling back into the dynamic EMA support zone, offering a favorable entry opportunity. Medium-term bias remains bullish off structural repair, short-term timing favors buying on pullbacks, and the long-term uptrend is intact.

  • ↑Q1 revenue $181.5B (+17% YoY); AWS segment $37.6B (+28% YoY).
  • ↑AWS backlog $364B, excluding $100B Anthropic commitment.
  • ↓Q1 free cash flow plunged to $1.2B from $25.9B YoY.
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The case for & against

Bull & Bear analysis

Bullish

Amazon.com, Inc. (NASDAQ: AMZN) is a leading global technology company that encompasses an e-commerce platform, cloud computing through Amazon Web Services (AWS), digital advertising, and pioneering advancements in artificial intelligence (AI) and logistics. With a dominant market presence, especially in cloud computing, Amazon is strategically positioned to benefit from ongoing digital transformation trends and the increasing integration of AI across its business lines.

Bull says

  • ↑Q1 revenue $181.5B (+17% YoY); AWS segment $37.6B (+28% YoY).
  • ↑AWS backlog $364B, excluding $100B Anthropic commitment.
  • ↑Q1 operating income $23.9B, margin hit 13.1%.
  • ↑Advertising revenue $17.2B (+22% YoY) fueling higher profits.
  • ↑Q1 CapEx $43.2B in AWS/AI seen as future profit driver.
  • ↑Strong growth and profitability metrics; rising analyst optimism.

Bear says

  • ↓Q1 free cash flow plunged to $1.2B from $25.9B YoY.
  • ↓2026 CapEx guidance of $200B pressures FCF and margins.
  • ↓AWS faces rising competition from Azure and Google Cloud.
  • ↓Supply-chain constraints in power and chips may curb scaling.
  • ↓Macro risks (inflation, tariffs) could dent consumer spending.
  • ↓Low earnings yield and high volatility raise valuation concerns.

Investment themes with AMZN

eTailing↑ +0.56%

Online retail and e-commerce platforms

FIGS · LQDT · CVNA
High Beta↓ -0.12%

Stocks with high volatility relative to market

AMD · DELL · MPWR

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-30-2026neutral

Transcript signals

Bull points

  • Worldwide revenue is $181.5 billion, a 15% increase year over year, excluding the 180 basis point favorable impact of foreign exchange.
  • Worldwide operating income was $23.9 billion, with an operating margin of 13.1%, our highest operating margin ever.
  • In the North America segment, first quarter revenue was $104.1 billion, an increase of 12% year-over-year.

Bear points

  • this estimate includes the impact of our seasonal step-up in stock-based compensation expense in Q2, driven by the timing of our annual compensation cycle.
  • within the North America segment, we do expect a year-over-year cost increase of approximately $1 billion related to Amazon Leo, as we manufacture and launch more satellites in preparation for our service offering.
  • our guidance anticipates higher transportation costs related to fuel inflation, which is partially offset by the recently implemented fuel and logistics related FBA surcharge.
Read full transcript analysis ›