Latest update
$242
Updated: Jun 12, 2026, 9:58 AM UTC
Browsing public data
Amazon.com, Inc. operates a diverse business spanning e-commerce, cloud computing (AWS), and advertising, serving a vast global customer base. The company demonstrates strong underlying business fundamentals with robust revenue and net income growth. However, free cash flow has recently turned negative, and its valuation, while supported by future earnings, is considered stretched at current levels. Debt is manageable, but debt service metrics indicate some weakness. Margins are strong and improving, indicating pricing power and efficiency.
Revenue
The total dollars the company billed customers. When this number grows quarter after quarter, the business is finding more demand.
Latest
↓$181.5B
Q1 2026
The most recent reported figure, in the company's own currency and reporting cadence.
QoQ
↓-14.9%
vs Q4 2025
How much this quarter grew compared to last quarter. Useful for spotting acceleration or slowdown in real time.
YoY
↑+16.6%
vs Q1 2025
How much this quarter grew compared to the same quarter one year ago. Strips out seasonality — a slow holiday quarter looks worse QoQ but normal YoY.
CAGR
•—
insufficient history
The smooth yearly growth rate that gets you from the starting value to the current value. A 100% CAGR over 3 years means the business tripled, on average, each year.
Net income
What's left from revenue after paying every cost — employees, materials, taxes, interest. Sometimes called profit or 'the bottom line.'
Latest
↑$30.3B
Q1 2026
The most recent reported figure, in the company's own currency and reporting cadence.
QoQ
↑+42.8%
vs Q4 2025
How much this quarter grew compared to last quarter. Useful for spotting acceleration or slowdown in real time.
YoY
↑+76.7%
vs Q1 2025
How much this quarter grew compared to the same quarter one year ago. Strips out seasonality — a slow holiday quarter looks worse QoQ but normal YoY.
CAGR
•—
insufficient history
The smooth yearly growth rate that gets you from the starting value to the current value. A 100% CAGR over 3 years means the business tripled, on average, each year.
Free cash flow
The cash actually left in the bank after the company has paid for everything and reinvested in itself. Harder to fake than net income.
Latest
↓-$18.2B
Q1 2026
The most recent reported figure, in the company's own currency and reporting cadence.
QoQ
↓-221.7%
vs Q4 2025
How much this quarter grew compared to last quarter. Useful for spotting acceleration or slowdown in real time.
YoY
•—
vs Q1 2025
How much this quarter grew compared to the same quarter one year ago. Strips out seasonality — a slow holiday quarter looks worse QoQ but normal YoY.
CAGR
•—
insufficient history
The smooth yearly growth rate that gets you from the starting value to the current value. A 100% CAGR over 3 years means the business tripled, on average, each year.
| Metric | 3 yr | 2 yr | 1 yr |
|---|---|---|---|
| Revenue | — | — | +16.6% $155.7B→$181.5B |
| Net income | — | — | +76.7% $17.1B→$30.3B |
| Free cash flow | — | — | — |
P/E TTM
↑31.7×
Trailing twelve months. Today's price divided by the last year of actual earnings.
P/E NTM
↑24.5×
Next twelve months. Today's price divided by what analysts expect the company to earn over the coming year.
Profitability
↑Strong
Operating margin (and the wider return profile) tells you how efficiently each dollar of sales becomes profit. High and rising = pricing power; low or falling = the business is grinding.
Share count
→Stable
Are the buybacks outrunning the stock-based comp? A shrinking share count means every existing share owns a bigger slice of future earnings.
Debt load
→Manageable
Total debt against cash and earnings power (EBITDA). Light debt leaves room to invest and weather downturns; heavy debt shrinks the margin for error.
Debt service
↓Weak
Whether the cash the business generates easily covers its interest and loan payments. Strong here = no forced selling in a bad year.
Cash return at today's price
↓0.4%
Free cash flow divided by market cap — the cash yield you're getting for the price you pay. Above ~6% is rich, below ~3% is thin. P/E shown when the yield is too small to be useful.
The market is absorbing the recent pullback after a failed breakout. While the long-term cycle remains in accumulation due to strong secular trends, short-term price action, including being below the daily 21 EMA and negative momentum, calls for patience. Waiting for the price to stabilize and show clear signs of support is prudent, aligning with the previous call's accurate assessment of sideways/downward drift.
Short-term thesis
Amazon's role as a critical infrastructure provider through AWS, particularly as a 'refinery' for generative AI, positions it uniquely to capture new demand waves. Despite short-term market digestion and stretched valuation, the secular shift towards cloud computing and AI services provides a strong underlying tailwind. While recent negative free cash flow is a watch item, Amazon's overall profitability and strong revenue growth suggest a resilient business capable of managing its debt and investing for future expansion. The current setup is a tactical waiting period before a potential re-entry.
Long-term exposure
Avoid
The business or valuation backdrop is not ready for long-term conviction.
Entry window
Wait
Amazon is currently pulling back, consolidating after a recent failed breakout attempt. While underlying fundamentals remain strong, the market is digesting recent price action. Investors should wait for clearer signs of stability and support to form before considering new positions.
Risk check
Fragile
The downside can widen quickly if this setup goes wrong.
Alignment
Mixed
Neither horizon fully wins, so size and patience matter.
What supports it
What limits it
Long-term thesis
The pervasive and accelerating demand for cloud infrastructure and generative AI compute will drive sustained growth and market leadership for key bottleneck providers like AWS.
Bottleneck Role
AWS acts as a crucial 'refinery' bottleneck for generative AI, providing the essential compute, storage, and specialized services needed to develop, train, and deploy AI models, effectively controlling access to fundamental resources for this burgeoning field.
Consensus Blind Spot
The market may be underestimating the stickiness and increasing pricing power of advanced cloud services, especially those tailored for complex AI workloads. The sheer scale and ongoing innovation required to compete at this level create higher barriers to entry than fully appreciated, concentrating future economic rents within existing hyperscalers.
Demand Gap
Demand for scalable, secure, and performant cloud computing resources, especially for AI, is far outstripping the current pace of infrastructure deployment and specialized service development by smaller providers, creating a persistent gap that only hyperscalers can fill.
Demand to Equity Scenarios
Slower-than-expected AI adoption or increased competition from sovereign clouds.
Demand
-10%
Earnings
-15%
Equity implication
-20%
Reduced AWS revenue growth, impacting overall profitability.
Continued strong adoption of cloud and AI, with AWS retaining market share.
Demand
+20%
Earnings
+18%
Equity implication
+22%
Solid AWS revenue growth, contributing significantly to Amazon's bottom line.
Accelerated AI development and broader enterprise adoption, leading to higher-than-expected AWS utilization and pricing power.
Demand
+30%
Earnings
+25%
Equity implication
+35%
Explosive AWS growth, driving margin expansion and significant earnings outperformance.
Dependency Chain
Repricing Triggers
Must be true
Thesis broken if
What changed
Signal
Conviction
Long term
Stock
Added since last run
8No longer flagged
0Nothing dropped this run
The prior reasoning that price was likely to drift lower or sideways to find support near long-term levels proved accurate, as the price experienced minimal movement following the call.
Jun 12, 2026
LatestUpdated Jun 12, 2026, 9:58 AM UTC
Price at review
$242
Amazon is currently pulling back, consolidating after a recent failed breakout attempt. While underlying fundamentals remain strong, the market is digesting recent price action. Investors should wait for clearer signs of stability and support to form before considering new positions.
Jun 5, 2026
Updated Jun 5, 2026, 9:38 AM UTC
Price at review
$254
Price is likely to drift lower or sideways as it searches for a stable floor near long-term support levels.
May 29, 2026
Updated May 29, 2026, 8:42 AM UTC
Price at review
$274
The stock is showing renewed strength and looks ready to challenge its recent highs. After a brief period of drifting, buyers are returning and the upward trend is back in play.
May 21, 2026
Updated May 21, 2026, 11:21 PM UTC
Price at review
$268
The trend is still positive but lacks the fuel for an immediate breakout. Expect more sideways churning as the market waits for a catalyst or a deeper dip.
May 13, 2026
Updated May 13, 2026, 5:33 PM UTC
Price at review
$269
The trend remains upward but the current move is tired. Expect a cooling-off period or a dip before the next meaningful push.
Jan 21, 1970
Updated Apr 27, 2026, 10:06 PM UTC
Price at review
$261
Price extends 8.7% above daily 21 EMA with strong relative strength versus SPY and XLY, but volume trend is negative (-7.3%) and we are 2 days from earnings with stock near 52-week highs. This is a momentum continuation setup with elevated event risk.