Amazon reported its first-quarter 2026 earnings results Wednesday, revealing sales at its cloud business, Amazon Web Services (AWS), were up 28% year over year to $37.6 billion from January to March.
Amazon’s advertising services revenue rose 24% to $17.2 billion. Subscription sales were up 15% at $13.4 billion.
North America sales increased 12% to $104.1 billion. International revenue stood at $39.8 billion, a 11% rise on last year, excluding changes in foreign exchange rates.
Online store sales stood at $64.3 billion while physical stores brought in $5.8 billion. Third-party seller services reached $41.6 billion.
Wall Street forecast earnings per share (EPS) of $1.65 on $177.2 billion in revenue, according to analyst consensus data provided by LSEG. Amazon reported adjusted EPS of $2.78 on $181.5 billion in revenue. That net sales figure is up 17% from Q1 2025, when the company brought in $155.7 billion in revenue.
For the April-June quarter, Amazon expects revenue between $194.0 billion and $199.0 billion, which would be an increase between 16% and 19% compared with Q2 2025. It should be noted those projections assume that Amazon’s Prime Day sale will occur in second quarter 2026.
“We’re making customers’ lives easier and better every day across all our businesses, and their response is driving significant growth,” Amazon president and CEO Andy Jassy said in a letter to shareholders. “AWS is growing 28% (our fastest growth in 15 quarters) on a very large base, our chips business topped a $20 billion revenue run rate (growing triple digits year-over-year), Advertising grew to over $70 billion in TTM revenue, and unit growth in our Stores reached 15% (the highest since the tail end of covid lockdowns). 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. We’re in the middle of some of the biggest inflections of our lifetime, we’re well positioned to lead, and I’m very optimistic about what’s ahead for our customers and Amazon.”
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