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Jun 30, 2024
Amazon Q2 2024 Earnings Report
Amazon's Q2 2024 results saw a significant increase in net sales and operating income, driven by strong performance across all segments.
Key Takeaways
Amazon's second quarter 2024 results show a strong performance with net sales increasing by 10% to $148.0 billion and operating income increasing to $14.7 billion. Net income also saw a substantial increase to $13.5 billion, or $1.26 per diluted share.
Net sales increased by 10% to $148.0 billion.
Operating income increased to $14.7 billion.
Net income increased to $13.5 billion, or $1.26 per diluted share.
AWS segment sales increased 19% year-over-year to $26.3 billion.
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 $154.0 billion and $158.5 billion, representing growth between 8% and 11% compared to the third quarter of 2023. The company expects operating income to be between $11.5 billion and $15.0 billion, compared to $11.2 billion in the third quarter of 2023.
Positive Outlook
- Net sales are expected to grow between 8% and 11% compared with third quarter 2023.
- Operating income is expected to be between $11.5 billion and $15.0 billion.
- Continued progress on various dimensions.
- Reacceleration in AWS growth.
- Customers' top choice for cloud services.
Challenges Ahead
- Guidance anticipates an unfavorable impact of approximately 90 basis points from foreign exchange rates.
- Results are inherently unpredictable.
- Materially affected by fluctuations in foreign exchange rates.
- Changes in global economic and geopolitical conditions and customer demand and spending.
- Impact of recessionary fears, inflation, interest rates, regional labor market constraints, world events.
Revenue & Expenses
Visualization of income flow from segment revenue to net income