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Sep 30, 2022
Amazon Q3 2022 Earnings Report
Amazon's third quarter results revealed a net sales increase, but operating income and net income decreased compared to the same period last year.
Key Takeaways
Amazon's Q3 2022 earnings showed a 15% increase in net sales to $127.1 billion, but operating income decreased to $2.5 billion, and net income decreased to $2.9 billion, or $0.28 per diluted share.
Net sales increased 15% to $127.1 billion, compared to $110.8 billion in Q3 2021.
Operating income decreased to $2.5 billion, compared to $4.9 billion in Q3 2021.
Net income decreased to $2.9 billion, or $0.28 per diluted share, compared to $3.2 billion, or $0.31 per diluted share, in Q3 2021.
AWS segment operating income was $5.4 billion, compared with $4.9 billion in Q3 2021.
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 expects net sales between $140.0 billion and $148.0 billion, representing growth between 2% and 8% compared to Q4 2021, and operating income between $0 and $4.0 billion, compared to $3.5 billion in Q4 2021.
Positive Outlook
- Net sales are expected to grow between 2% and 8% compared with fourth quarter 2021.
- Guidance anticipates an unfavorable impact of approximately 460 basis points from foreign exchange rates.
- Operating income is expected to be between $0 and $4.0 billion.
- The company is focused on value and convenience for customers.
- Amazon is working on initiatives to yield a stronger cost structure.
Challenges Ahead
- Net sales guidance anticipates an unfavorable impact from foreign exchange rates.
- Operating income is expected to be between $0 and $4.0 billion, compared with $3.5 billion in fourth quarter 2021.
- Results are inherently unpredictable and may be materially affected by many factors.
- There is uncertainty regarding the impacts of the COVID-19 pandemic.
- Global economic and geopolitical conditions and customer demand and spending may affect the results.