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Amazon.com
NASDAQ: AMZN Consumer Discretionary Consumer 🔎 Screen
Dow 30 S&P 500 Nasdaq 100
🏹 Trader: 🎯 Near 52W High 💎 VCP Breakout View all →
$2.74T
Market Cap
31.8
P/E
1.81
PEG
15.9%
ROCE
22.3%
ROE
0.43
D/E
11.2%
OPM
-10.7%
% from 52W High
59
α RS
🔍 AMZN is showing a high-conviction setup because it matches 19 of 39 tracked screener presets, an ECS of 65.4 last quarter, and it's within 10.7% of its 52-week high. Net: Broad signal stack, not a recommendation. ? Conviction ECS 52W High
Sources
Conviction 19/39 · ECS 65.4 · 10.7% from 52W high
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🌏 Global Investor Returns
Currency-adjusted total returns for AMZN including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Amazon.com, Inc. engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, fire tablets, fire TVs, echo, ring, blink, and eero; and develops and produces media content. In addition, the company offers programs that enable sellers to sell their products in its stores; and programs that allow authors, independent publishers, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, it provides compute, storage, Artificial intelligence, database, analytics, machine learning, and other services, as well as advertising services through programs, such as sponsored ads, display, and video advertising. Additionally, the company offers Amazon Prime, a membership program. The company’s products offered through its stores include merchandise and content purchased for resale and products offered by third-party sellers. It serves consumers, sellers, developers, enterprises, content creators, advertisers, and employees. The company was incorporated in 1994 and is headquartered in Seattle, Washington.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding AMZN
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Manager Shares Value % of Fund Period
Daniel Loeb Third Point LLC 1.94M $404.0B 19.40% Mar 2026
Bill Ackman Pershing Square Capital Management 11.45M $2.4B 17.39% Mar 2026
Tiger Global Management Tiger Global Management LLC 10.00M $2.1B 9.12% Mar 2026
Steve Cohen Point72 Asset Management 4.96M $1.0B 1.32% Mar 2026
David Tepper Appaloosa LP 4.32M $899.7M 15.16% Mar 2026
Seth Klarman Baupost Group 3.12M $649.5M 12.70% Mar 2026
Jeff Ubben ValueAct Holdings 2.88M $600.8M 10.52% Mar 2026
Cathie Wood ARK Investment Management 1.36M $282.3M 2.19% Mar 2026
Andreas Halvorsen Viking Global Investors 1.20M $249.0M 0.70% Mar 2026
Stan Druckenmiller Duquesne Family Office 45.8K $9.5M 0.28% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$200.6B
+20% YoY
Operating Income
$27.5B
+43% YoY
Operating Margin
13.7%
+2.2pp YoY
Net Income
$62.6B
+244% YoY
What Went Right
  • AWS revenue grew 36.7% YoY, fastest growth in 18 quarters, reaching a $169B annualized revenue run rate
  • AI and Chips each exceeded $25B annual revenue run rates, both growing triple digits
  • Advertising revenue grew 26% YoY to $19.8B
What to Watch
  • 2026 cash CapEx raised to approximately $220B, up from prior ~$200B estimate, and demand still exceeds capacity into 2027
  • Trailing-twelve-month free cash flow was an outflow of $7.6B, driven by a $66.1B year-over-year increase in property and equipment purchases
  • Tariff refunds were limited; Amazon absorbed most tariff costs, and memory/SSD inflation plus fuel and line haul cost pressures were highlighted
Management Guidance
  • Q3 2026 net sales expected between $197B and $202B
  • Q3 2026 operating income expected between $22.5B and $26.5B
  • Expects approximately $220B in cash CapEx in 2026; Q3 growth to be impacted by ~80 bps from FX and Prime Day timing shift
Investor Lens
The investment thesis is stronger after the call: AWS growth is accelerating, backlog reached $496B with triple-digit growth, and AI plus chips each have $25B-plus run rates. Management expressed clear line of sight to strong returns on heavy CapEx, even arguing AWS could eventually become a $1 trillion revenue business. The main tension is near-term free cash flow pressure from aggressive data center and server investment, but demand visibility remains the key support.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG AWS accelerates 36.7% as Amazon revenue hits $200.6B
Revenue
Worldwide revenue rose 20% YoY to $200.6B. North America grew 16% to $116.2B, International grew 15% to $42.2B, and AWS grew 36.7% to $42.2B.
Profitability
Operating income increased 43% YoY to $27.5B, and net income surged to $62.6B, including $53.4B of non-operating pre-tax other income primarily from Anthropic investments. Diluted EPS was $5.75.
Margins
Overall operating margin was approximately 13.7%, up from 11.4% a year ago. AWS operating income rose to $16.6B, with margin expansion of 650 bps YoY, or 520 bps excluding the energy derivative benefit.
Balance Sheet
Trailing-twelve-month operating cash flow rose 33% to $161.4B, but free cash flow was a negative $7.6B. Q2 cash CapEx was $53.1B, primarily supporting AWS and generative AI investments.
Key Risks
Management flagged higher memory chip costs pushing 2026 CapEx to about $220B, with capacity still insufficient to meet demand. Tariff refunds were limited and most tariff costs were absorbed, while fuel and line haul cost inflation pressured shipping economics.
Outlook
Q3 net sales are guided to $197B-$202B, with operating income of $22.5B-$26.5B. The company expects to keep investing aggressively in AI capacity, with demand already strong for 2027 and 2028.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-30
Q2 2026 saw 20% revenue growth and 43% operating income growth, with AWS accelerating to a $169B run rate and strong AI momentum. CapEx guidance increased to $220B for 2026 due to high demand and supply chain inflation, with robust performance across Stores, Ads, and Entertainment.
Q1 2026 Q1 2026 2026-04-29
Q1 2026 saw 17% revenue growth and record operating margins, driven by AWS's 28% YoY growth and strong AI demand. Major investments in custom silicon, satellite, and fulfillment infrastructure position the company for continued expansion, with Q2 guidance projecting further gains.
Q4 2025 Q4 2025 2026-02-05
Revenue grew 12% YoY to $213.4B, with AWS accelerating to 24% growth and a $142B run rate. Major investments in AI, chips, and satellite internet are driving long-term growth, while retail and advertising segments also posted strong results.
Q3 2025 Q3 2025 2025-10-30
Q3 2025 revenue rose 12% year-over-year to $180.2B, with AWS accelerating to 20.2% growth and advertising up 22%. Operating income was $17.4B, impacted by $4.3B in special charges, while net income reached $21.2B, boosted by a $9.5B gain from Anthropic.
Q2 2025 Q2 2025 2025-07-31
Q2 2025 saw 12% revenue growth to $167.7B and 31% operating income growth, with record Prime Day results, strong AWS and advertising performance, and margin expansion across segments. Guidance for Q3 anticipates continued growth amid ongoing investment in AI, logistics, and fulfillment.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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