Amazon (AMZN) Q1 2026 earnings results beat EPS and revenue expectations

Amazon's latest quarterly net income included pre-tax gains of $16.8 billion in non-operating income from its investments in Anthropic.

Amazon has posted its latest quarterly results, covering Q1 2026 and the results of its business for the three-month period. The company posted beats on its major metrics versus Wall Street expectations, including earnings-per-share and revenue.

Amazon posted its Q1 2026 earnings results on its investor relations website. There, it shared that its revenue for the quarter was $181.5 billion. That was good enough to beat the $177.84 billion Wall Street estimates. Meanwhile, its EPS landed at $2.78 per share. That was quite a bit more than the $1.60 per share that Wall Street called for, and still above the $1.82 per share called for in Earnings Whisper.

It’s worth noting that Amazon had some unique aspects to its EPS and net income coming out of pre-tax gains from investments in Anthropic. That accounted for $16.8 billion in the bottomline non-operating income. The backed Anthorpic gain EPS also amounted to $1.24 per share, so there’s a significant impact from Amazon’s business with the AI company.

Amazon still had an enormous quarter of business with or without Anthropic and continues to strive off of its investments in AI, web services, Prime, Video, and Twitch. As we watch for more updates, stay tuned to the Amazon topic.

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