Added to YB: 2026-05-05
Pitch date: 2026-04-30
AMZN [neutral]
Amazon.com, Inc.
+2.44%
current return
Author Info
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Company Info
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.
Market Cap
$2.8T
Pitch Price
$265.58
Price Target
N/A
Dividend
N/A
EV/EBITDA
18.66
P/E
31.49
EV/Sales
3.90
Sector
Broadline Retail
Category
growth
I was on Amazon's call. Here's the takeaways
AMZN (earnings): Q1 AWS grew 28% (fastest in 15qtrs) on $150B run rate; backlog jumped $120B to $364B (ex-$100B+ Anthropic deal). Trainium at $20B rev run rate, $225B commitments, 'largely sold out' thru 3 gens, saves 'tens of billions capex/yr' & adds 'several hundred bps op margin.' OpenAI joined Bedrock, ending MSFT exclusivity. Meta committed 'tens of millions Graviton cores' (negative INTC/AMD x86). 37.8% AWS margin held despite $43.2B Q1 capex. Risks: FCF pressured as capex>>revenue growth, memory pricing squeeze, $170B+ '26 capex annualized. Custom silicon ramp = structural NVDA substitution risk. Retail unit growth 15% (highest since COVID), ads $17.2B +22%. Leo launches Q3 w/ Delta/Apple/NASA customers.
Read full article (12 min)