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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.
Revenue by Segment
Revenue by Geographic Location
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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