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Jun 30, 2023
Amazon Q2 2023 Earnings Report
Amazon's second quarter results showcased revenue growth and improved profitability.
Key Takeaways
Amazon's Q2 2023 results revealed an 11% increase in net sales to $134.4 billion, and operating income increased to $7.7 billion, compared to $3.3 billion in Q2 2022. Net income was $6.7 billion, a significant turnaround from the $2.0 billion net loss in Q2 2022.
Net sales increased by 11% to $134.4 billion compared to Q2 2022.
Operating income rose to $7.7 billion, a substantial increase from $3.3 billion in the prior year quarter.
AWS segment sales grew by 12% year-over-year, reaching $22.1 billion.
Net income reached $6.7 billion, or $0.65 per diluted share, a significant improvement from the net loss of $2.0 billion in Q2 2022.
Amazon
Amazon
Amazon Revenue by Segment
Amazon Revenue by Geographic Location
Revenue by Segment
North America Revenue
CapyFin.comInternational Revenue
CapyFin.comAWS Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Amazon anticipates net sales between $138.0 billion and $143.0 billion, representing a growth of 9% to 13% compared to Q3 2022. Operating income is projected to be between $5.5 billion and $8.5 billion, compared to $2.5 billion in Q3 2022.
Positive Outlook
- Net sales are expected to grow between 9% and 13% compared with third quarter 2022.
- Guidance anticipates a favorable impact of approximately 120 basis points from foreign exchange rates.
- Operating income is expected to be between $5.5 billion and $8.5 billion, compared with $2.5 billion in third quarter 2022.
- Growth in AWS due to new workload deployment.
- Strong demand for advertising services.
Challenges Ahead
- Results may be materially affected by fluctuations in foreign exchange rates.
- Changes in global economic and geopolitical conditions and customer demand and spending (including the impact of recessionary fears) can affect the results.
- Inflation and interest rates may impact the financial results.
- Regional labor market constraints could affect the performance.
- World events may introduce unpredictability.