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/AMZN
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Amazon.com Inc

Amazon.com Inc

AMZN
$232.11USD↓-0.66%-1.55 today

MARKET CAP

2.50T

P/E (TTM)

32.3x

FWD P/E

25.6x

DAY RANGE

$231 – $235

52W RANGE

$196
$279

AI Summary

Stalk
Buy NowMedium

AMZN is in an early Stage 1 basing phase after a terminal decline, showing initial stabilization with higher highs and higher lows within a narrow range and rising short-term EMAs. The medium-term bias is bullish in anticipation of a potential Stage 2 advance, supported by EMAs acting as support and muted volatility. Short-term conditions favor buy participation now on pullbacks into the 9/21 EMA cluster. Execution should focus on shallow entries near the repaired EMA zone while monitoring for failure to hold base support.

  • ↑Q1 revenue $181.5B (+17% YoY); AWS segment $37.6B (+28% YoY).
  • ↑AWS backlog $364B, excluding $100B Anthropic commitment.
  • ↓Q1 free cash flow plunged to $1.2B from $25.9B YoY.
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The case for & against

Bull & Bear analysis

Bullish

Amazon.com, Inc. (NASDAQ: AMZN) is a leading global technology company that encompasses an e-commerce platform, cloud computing through Amazon Web Services (AWS), digital advertising, and pioneering advancements in artificial intelligence (AI) and logistics. With a dominant market presence, especially in cloud computing, Amazon is strategically positioned to benefit from ongoing digital transformation trends and the increasing integration of AI across its business lines.

Bull says

  • ↑Q1 revenue $181.5B (+17% YoY); AWS segment $37.6B (+28% YoY).
  • ↑AWS backlog $364B, excluding $100B Anthropic commitment.
  • ↑Q1 operating income $23.9B, margin hit 13.1%.
  • ↑Advertising revenue $17.2B (+22% YoY) fueling higher profits.
  • ↑Q1 CapEx $43.2B in AWS/AI seen as future profit driver.
  • ↑Strong growth and profitability metrics; rising analyst optimism.

Bear says

  • ↓Q1 free cash flow plunged to $1.2B from $25.9B YoY.
  • ↓2026 CapEx guidance of $200B pressures FCF and margins.
  • ↓AWS faces rising competition from Azure and Google Cloud.
  • ↓Supply-chain constraints in power and chips may curb scaling.
  • ↓Macro risks (inflation, tariffs) could dent consumer spending.
  • ↓Low earnings yield and high volatility raise valuation concerns.

Investment themes with AMZN

eTailing↑ +0.56%

Online retail and e-commerce platforms

FIGS · LQDT · CVNA
High Beta↓ -0.12%

Stocks with high volatility relative to market

AMD · DELL · MPWR

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-30-2026neutral

Transcript signals

Bull points

  • Worldwide revenue is $181.5 billion, a 15% increase year over year, excluding the 180 basis point favorable impact of foreign exchange.
  • Worldwide operating income was $23.9 billion, with an operating margin of 13.1%, our highest operating margin ever.
  • In the North America segment, first quarter revenue was $104.1 billion, an increase of 12% year-over-year.

Bear points

  • this estimate includes the impact of our seasonal step-up in stock-based compensation expense in Q2, driven by the timing of our annual compensation cycle.
  • within the North America segment, we do expect a year-over-year cost increase of approximately $1 billion related to Amazon Leo, as we manufacture and launch more satellites in preparation for our service offering.
  • our guidance anticipates higher transportation costs related to fuel inflation, which is partially offset by the recently implemented fuel and logistics related FBA surcharge.
Read full transcript analysis ›