Amazon.com Inc. reported first-quarter 2026 financial results after the market closed on April 29. Net sales rose 17% year-over-year. The company reported $181.5 billion in total sales, surpassing analyst estimates. Earnings per share reached $2.78. This result beat the consensus estimate of $1.62. A pre-tax gain from an investment in AI company Anthropic contributed to the earnings performance.
AWS revenue growth accelerated to 28%. This represents the fastest increase for the division in 15 quarters. These results boosted the consumer discretionary sector on April 30. Strong performance in retail and cloud segments eased concerns regarding consumer and enterprise spending. Amazon maintains its market dominance despite broader economic uncertainty.