Amazon Q1: AWS outperformed expectations, solid Q2 guidance, up over 11% after hours and then turned down
$Amazon(AMZN.US$ Q1 FY23:
• Revenue +9% Y/Y to $127.4B ($2.9B beat).
• Operating margin 4% (+1pp Y/Y).
• FCF ($3.3B) TTM.
• EPS $0.31 ($0.11 beat).
AWS:
• Revenue +16% Y/Y to $21.4B.
• Operating margin 24% (-11pp Y/Y).
Q2 FY23 Guidance:
• Revenue ~$130B (in-line).
• Revenue +9% Y/Y to $127.4B ($2.9B beat).
• Operating margin 4% (+1pp Y/Y).
• FCF ($3.3B) TTM.
• EPS $0.31 ($0.11 beat).
AWS:
• Revenue +16% Y/Y to $21.4B.
• Operating margin 24% (-11pp Y/Y).
Q2 FY23 Guidance:
• Revenue ~$130B (in-line).
![Amazon Q1: AWS outperformed expectations, solid Q2 guidance, up over 11% after hours and then turned down](https://ussnsimg.moomoo.com/feed_image/70042948/df1d805bec9636138f9c29ca3c4760fe.png/bigmoo)
![Amazon Q1: AWS outperformed expectations, solid Q2 guidance, up over 11% after hours and then turned down](https://ussnsimg.moomoo.com/feed_image/70042948/28cc68e208123cb8a916620002b59a20.jpg/bigmoo)
By business, North America contributed revenue of $76.9 billion in the first quarter, an 11% year-over-year growth rate, higher than market expectations of $75.54 billion;
International business revenue grew 1% year-over-year to $29.1 billion, higher than market expectations of $27.65 billion;
AWS business revenue grew 16% year-over-year to $21.4 billion, a year-over-year growth rate of five consecutive quarters to decline, but still higher than market expectations AWS revenue grew 16 percent year-over-year to $21.4 billion, down from five consecutive quarters, but still above market expectations of $21.03 billion.
Operating profit rose 30 percent year-over-year to $4.77 billion, above market expectations of $3 billion, and operating profit margin was 3.7 percent, up from 3.2 percent in the same quarter last year and 2.4 percent in the same quarter last year.
![Amazon Q1: AWS outperformed expectations, solid Q2 guidance, up over 11% after hours and then turned down](https://ussnsimg.moomoo.com/feed_image/70042948/e27612aea1f03c879ac04bdd1b6bef98.png/bigmoo)
However, on a segmented basis, AWS' operating margin was just 24%, falling to its lowest level since the second quarter of 2017;
The operating margin for the North American business turned positive after five quarters at 1.17%;
And the operating margin for the international business remained negative at -4.28%, narrowing significantly compared to the previous five quarters.
![Amazon Q1: AWS outperformed expectations, solid Q2 guidance, up over 11% after hours and then turned down](https://ussnsimg.moomoo.com/feed_image/70042948/172b8f44507a3685b4c887ec7930a241.png/bigmoo)
Amazon's results show that the company's efforts to reduce costs are starting to pay off. Operating expenses rose 8.7 percent in the first quarter, the lowest increase in at least a decade.
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搞经济 抄底 加仓 : cuz too many options Call over 60% so naturally it gose down .
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