Amazon is expected to report Q1 2026 revenue of $177.27 billion and adjusted EPS of $1.63, with the stock currently trading at $263.99 against a consensus price target of $287.33.
The primary focus for investors is the growth rate of Amazon Web Services (AWS), which is projected to reach $36.8 billion as generative AI workloads scale.
Markets are closely monitoring the impact of the company's record $200 billion capital expenditure plan for 2026, aimed at expanding AI infrastructure and proprietary chip capacity. Recent strategic partnerships with Meta and Anthropic have fueled a 32% stock rally over the past month, setting a high bar for the upcoming results.