Stocks
Amazon Crushes Q1 Earnings Expectations With Strong Cloud Growth
Amazon's Q1 earnings report exceeded expectations, with the company posting diluted EPS of $1.59 against a consensus estimate of $1.36, a 16.91% beat.
The strong performance was driven by accelerating cloud momentum and a sharp swing in non-operating income, with net income surging 64% to $17.13 billion.
AWS revenue grew 17% YoY to $29.3 billion, while operating margin expanded to 39.5%, as major new enterprise agreements and a rapidly expanding AI model portfolio drove demand.