Amazon Q1 Earnings preview: What to Expect From Upcoming Report

Amazon's Q1 Revenues to Climb 8%, EPS to Surge Nearly 40%

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Apr 28, 2025
Summary
  • AWS’s projected 17% expansion and a $100B capex slate will be key as Amazon reports Q1 results on May 1
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April 28 - Amazon (AMZN, Financial) is set to report first-quarter earnings on May 1, with investors closely watching how the retail and cloud giant handles mounting tariff risks.

Wall Street expects Amazon to post revenues of about 155 billion, up 8% from a year earlier, and earnings per share of around $1.36, a nearly 40% gain. Analysts warn, however, that trade tensions with China could cloud the outlook, particularly as early consumer stockpiling may have inflated short-term demand.

Amazon's cloud division, Amazon Web Services, remains a key focus. AWS is forecast to grow about 17%, helping to offset retail sector pressures. Yet a recent slowdown in data center expansion has sparked concerns over potential cooling in cloud demand.

The company's aggressive investment plans, including about $100 billion this year for logistics, infrastructure, and AI initiatives like Project Kuiper, also raise questions. Investors will seek assurance that Amazon can balance bold spending without undermining earnings momentum in an increasingly uncertain economic environment.

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