CNBC4/29/2026Business
Amazon Q1 Earnings Preview: Wall Street Expects $1.64 EPS, $177.3B Revenue
Investors to watch AWS growth, AI spending, and satellite investments as Amazon reports Wednesday
Quick Look
- Amazon is set to report first-quarter results after market close on Wednesday, with Wall Street expecting EPS of $1.64 on revenue of $177.3 billion.
- AWS revenue is projected at $36.92 billion (up 26% YoY), while advertising revenue is expected to reach $16.87 billion.
- Investors will focus on Amazon's AI investments, with CEO Andy Jassy disclosing AWS' AI revenue run rate hit $15 billion in Q1, and the company's capex is projected to reach $200 billion in 2026.
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Amazon is set to report first-quarter results after market close on Wednesday, with Wall Street expecting EPS of $1.64 on revenue of $177.3 billion. AWS revenue is projected at $36.92 billion (up 26% YoY), while advertising revenue is expected to reach $16.87 billion. Investors will focus on Amazon's AI investments, with CEO Andy Jassy disclosing AWS' AI revenue run rate hit $15 billion in Q1, and the company's capex is projected to reach $200 billion in 2026.
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This article was originally published by CNBC.
