Amazon Q1 earnings put the spotlight on AI spending and revenue
Amazon is expected to report Q1 earnings with EPS of $1.62 on revenue of $177.2 billion, with investors looking for signs that its AI spending is paying off. Amazon's AWS revenue is estimated to be $36.79 billion, up 25% from the same period last year.
Amazon will report its Q1 earnings, with investors looking for signs that its massive AI spending is paying off. The company is expected to report EPS of $1.62 on revenue of $177.2 billion. Amazon's AWS revenue is estimated to be $36.79 billion, up 25% from last year. AWS's AI revenue has a run rate of over $15 billion and continues to grow. Amazon's chip business has an annual revenue run rate of $20 billion and is growing by triple digits year over year. Amazon recently entered into a deal to provide Graviton CPUs to Meta and expanded its deal with Anthropic, investing $5 billion and potentially up to $20 billion more.
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