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Amazon.com, Inc.
NASDAQ: AMZN Consumer Discretionary Consumer 🔎 Screen
Dow 30 S&P 500 Nasdaq 100
$2.54T
Market Cap
32.2
P/E
1.81
PEG
12.1%
ROCE
22.4%
ROE
0.37
D/E
11.2%
OPM
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🌏 Global Investor Returns
Currency-adjusted total returns for AMZN including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
Shareholding
About

Amazon.com, Inc. engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally.

Key Ratios Snapshot
📊 Sector Averages
📈 Growth Pattern
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⭐ Superinvestors Holding AMZN
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Manager Shares Value % of Fund Period
Daniel Loeb Third Point LLC 1.94M $404.0B 19.40% Mar 2026
Bill Ackman Pershing Square Capital Management 11.45M $2.4B 17.39% Mar 2026
Tiger Global Management Tiger Global Management LLC 10.00M $2.1B 9.12% Mar 2026
Steve Cohen Point72 Asset Management 4.96M $1.0B 1.32% Mar 2026
David Tepper Appaloosa LP 4.32M $899.7M 15.16% Mar 2026
Seth Klarman Baupost Group 3.12M $649.5M 12.70% Mar 2026
Jeff Ubben ValueAct Holdings 2.88M $600.8M 10.52% Mar 2026
Cathie Wood ARK Investment Management 1.36M $282.3M 2.19% Mar 2026
Andreas Halvorsen Viking Global Investors 1.20M $249.0M 0.70% Mar 2026
Stan Druckenmiller Duquesne Family Office 45.8K $9.5M 0.28% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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🎙 Management Tone Mixed → Stable 4 quarters Full tone analysis in Intelligence →
Good quarter Investor Presentation One-Pager? Q1 2026
Revenue
$181.5B
+17% YoY
Operating Income
$23.9B
+30% YoY
Operating Margin
13.1%
+1.3pp YoY
Net Income
$30.3B
+77% YoY
What Went Right
  • AWS revenue grew 28% YoY to $37.6B, fastest in 15 quarters
  • AI revenue run rate exceeded $15B, growing triple digits YoY
  • Record operating margin of 13.1% driven by efficiency and scale
What to Watch
  • Free cash flow TTM declined to $1.2B from $25.9B due to heavy CapEx
  • Q2 operating income guided lower ($20-24B) than Q1 ($23.9B), partly from seasonal stock-based comp and Leo costs
  • Memory and storage cost inflation impacting supply chain; management monitors closely
Management Guidance
  • Q2 2026 net sales expected between $194B and $199B
  • Q2 2026 operating income expected between $20B and $24B
  • Prime Day shifts to Q2 for most geographies (was Q3 in 2025); Amazon Leo commercial service on track for Q3 launch
Investor Lens
The thesis is stronger after this call. AWS growth re-accelerated to 28%, AI revenue is scaling rapidly, and record margins demonstrate operating leverage. Heavy CapEx ($43.2B) is funding a once-in-a-lifetime opportunity in AI and cloud, with management confident in long-term returns. Concerns about near-term free cash flow are mitigated by strong revenue commitments and proven prior cycles.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Strong beat on revenue and record margins; AWS shines
Revenue
Total revenue was $181.5B, up 17% YoY (15% ex-FX). North America segment contributed $104.1B (+12%), International $39.8B (+11% ex-FX), and AWS $37.6B (+28% YoY, fastest in 15 quarters).
Profitability
Net income surged to $30.3B, up 77% from $17.1B, aided by a $16.8B pre-tax gain from Anthropic investments. GAAP EPS was $2.78 diluted vs $1.59 a year ago.
Margins
Worldwide operating margin hit a record 13.1% (up from 11.8% YoY). AWS operating margin was implied at 37.8% ($14.2B on $37.6B revenue). North America margin improved to 7.9% and International to 3.6%.
Balance Sheet
Cash CapEx was $43.2B in Q1, primarily for AWS and AI. TTM operating cash flow was $148.5B (up 30%), but free cash flow dropped to $1.2B TTM due to a $59.3B increase in property and equipment purchases.
Key Risks
Management flagged memory/storage cost inflation and supply constraints that could impact CapEx. The Q2 operating income guidance decline vs Q1 reflects seasonal stock-based compensation and a ~$1B YoY cost increase for Amazon Leo. Foreign exchange is a 10 bps headwind in Q2.
Outlook
For Q2, revenue is expected between $194B and $199B (Prime Day moving to Q2 in most countries). Operating income guidance is $20-24B. Amazon Leo commercial service is on track for Q3 launch, with capitalization of certain costs starting in Q4.
Generated by AI · Q1 2026 results · Not investment advice
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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