Amazon Q4 FY22

• Rev +9% Y/Y to $149.2B ($3.4B beat).

• Operating margin 2% (-2pp Y/Y).

• Non-GAAP EPS $0.03 ($0.14 miss).

AWS:

• Revenue +20% Y/Y to $21.4B.

• Operating margin 24% (-6pp Y/Y).

Q1 FY23 Guidance:

• Revenue ~$123.5B ($2B miss).

Thoughts:

Growth slowdown:

The economy & recession is causing the business to slowdown, so revenue slowdown is expected. but i would like to see it pickling up again in 6-9 months' time.

(At such a large size, it's hard to keep growing at such a high pace too)

Margins:

As the company is cutting headcount, I want to see operating margins getting better over the next few quarters.

AWS:

AWS is the crown jewel of Amazon. I want the growth to stabilize & hopefully re-accelerate soon.