Amazon sales accelerate across all segments
Amazon continued to report double-digit sales uplift in the first quarter, with all segments recording a faster growth rate compared to the prior quarter.
The company’s net sales for the quarter ended March 31 surged 17 per cent year-on-year to US$181.5 billion.
North America segment sales jumped 12 per cent to $104.1 billion, accelerating from a 10 per cent uplift in last year’s fourth quarter.
International segment sales rose 19 per cent to $39.8 billion (up 11 per cent in constant currency).
Amazon Web Services (AWS) sales soared 28 per cent to $37.6 billion, marking its fastest growth in 15 quarters.
On the bottom line, operating income rose nearly 30 per cent to $23.9 billion, led by a 43 per cent increase in North America. Net income soared from $17.1 billion a year ago to $30.3 billion.
Other operational highlights include unit growth reaching 15 per cent, chips business topping a $20 billion revenue run rate, and advertising growing to over $70 billion in revenue.
“We also hit exciting milestones with delivery speed (more than 1 billion items same-day or overnight in 2026 and counting), Project Hail Mary (nearly $615 million at the box office to date and the second most successful non-sequel, non-franchise opening of recent memory), and Amazon Leo continues to resonate with prospective customers, with Delta Airlines the latest to sign on,” added Andy Jassy, president and CEO.
For the second quarter, the company expects net sales to grow between 16-19 per cent. Operating income is expected to be between $20.0 billion and $24.0 billion, compared with $19.2 billion in the year-ago period.
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