Loading...
•
Sep 30, 2024
Amazon Q3 2024 Earnings Report
Amazon's Q3 2024 results showcased strong growth and profitability.
Key Takeaways
Amazon reported a strong third quarter with net sales increasing by 11% to $158.9 billion and operating income rising to $17.4 billion, a significant increase from $11.2 billion in the same quarter last year. Net income also saw a substantial increase to $15.3 billion, or $1.43 per diluted share, compared to $9.9 billion, or $0.94 per diluted share, in Q3 2023.
Net sales increased by 11% to $158.9 billion, driven by growth across all segments.
Operating income surged to $17.4 billion, reflecting improved profitability.
AWS segment operating income grew to $10.4 billion, highlighting the continued strength in cloud services.
Net income rose to $15.3 billion, or $1.43 per diluted share, showcasing strong overall financial performance.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Amazon anticipates net sales between $181.5 billion and $188.5 billion, representing a growth of 7% to 11% compared to Q4 2023. Operating income is projected to be between $16.0 billion and $20.0 billion, compared to $13.2 billion in the fourth quarter of 2023.
Positive Outlook
- Net sales are expected to grow between 7% and 11% compared to Q4 2023.
- Operating income is expected to increase significantly compared to Q4 2023.
- Guidance reflects continued strong performance and growth trajectory.
- Anticipates an unfavorable impact of approximately 10 basis points from foreign exchange rates.
- Expects continued growth in key segments and overall market share.
Challenges Ahead
- Guidance is subject to substantial uncertainty due to various factors.
- Fluctuations in foreign exchange rates could impact results.
- Changes in global economic and geopolitical conditions may affect performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...