Topline
Amazon will deliver results from 2025’s first three months Thursday afternoon—adding to a blockbuster week that included a short-lived standoff between the company and White House—,as investors pay keen attention to how the e-commerce giant will comment on how President Trump’s tariffs will impact its business.
The White House took significant issue with Amazon’s rumored plans to highlight tariff-related price … More
Key Facts
Seattle-based Amazon will report first-quarter results shortly after 4 p.m. EDT and will hold its earnings call with investors at 5 p.m. livestreamed here.
The “biggest focus” for the call will be how Amazon CEO Andy Jassy and management address tariffs, according to Bank of America analyst Justin Post.
Analysts forecast a strong Q1 for Amazon, with consensus estimates of $155.1 billion in revenue and $1.37 earnings per share ($14.6 billion net income), according to FactSet data, which would represent 8% year-over-year sales growth and a 40% profit increase.
Driving much of the expected earnings growth is Amazon’s artificial intelligence heavy AWS cloud segment, which is expected to book annual sales growth of 18% at $29.4 billion.
Amazon is also expected to provide guidance for Q2 revenue and operating income, and Wall Street anticipates $161.2 billion in sales and $17.6 billion operating profit for Amazon’s current quarter.
Amazon Stock Gets Pre-Earnings Bump
Shares of Amazon climbed 3% Thursday to $190, touching their highest intraday level in three weeks. The rally came as the Nasdaq spiked more than 2% following strong earnings reports from Facebook parent Meta and Microsoft.
What To Watch For
Fellow U.S. tech titan Apple will also report earnings after the bell.
Key Background
Amazon and Apple are among the U.S. companies with the heaviest exposure to China tariffs. Both of their stocks have underperformed many of their peers accordingly, as Amazon’s -14% year-to-date return and Apple’s -15% return is worse than the S&P 500’s -5%. About half of Amazon’s third-party sellers are from China, according to Marketplace Pulse. Many major U.S. companies are warning investors in their earnings reports about the impact tariffs will have.
Trump Called Bezos Over Possibly Including Tariff Costs On Amazon
Amazon briefly became the target of the Trump administration’s ire Tuesday when White House Press Secretary Karoline Leavitt deemed the retailer’s reported plans to directly display tariff price increases to consumers a “hostile and political act.” Amazon spokesperson Tim Doyle told Forbes the company only mulled adding those tariff items to its low-price Haul site, but it was “never approved and not going to happen.” Trump called Amazon chairman Jeff Bezos to voice his displeasure with highlighting any tariff price increases. Bezos is a “good guy” and “solved the problem very quickly,” Trump told reporters Tuesday.
Forbes Valuation
Bezos is the second-richest person in the world thanks mostly to his 9% stake in Amazon, according to Forbes’ estimates. His $207 billion net worth trails only the $390 billion fortune of Tesla CEO Elon Musk.
