Amazon reported robust financial results for Q3 2024, with net sales increasing 11% to $158.9 billion and net income surging 55% to $15.3 billion, or $1.43 per diluted share. AWS revenue grew 19% year-over-year to $27.5 billion, while North America segment sales rose 9% to $95.5 billion. International segment turned profitable with $1.3 billion operating income on sales of $35.9 billion.Operating income nearly doubled to $17.4 billion, driven by increased unit sales, advertising growth, and improved operational efficiencies across all segments. The company's fulfillment network optimization and cost management initiatives continued to yield results, with operating margin expanding to 11% from 7.8% in the prior year. Free cash flow for the trailing twelve months improved significantly to $47.7 billion.Looking ahead, Amazon expects Q4 2024 net sales between $181.5 billion and $188.5 billion, representing 7-11% growth year-over-year. The company continues to invest in artificial intelligence infrastructure and technology while maintaining strong cost discipline. Management highlighted ongoing momentum in AWS and advertising businesses, with particular strength in AI-related services.

Amazon reported robust financial results for Q3 2024, with net sales increasing 11% to $158.9 billion and net income surging 55% to $15.3 billion, or $1.43 per diluted share. AWS revenue grew 19% year-over-year to $27.5 billion, while North America segment sales rose 9% to $95.5 billion. International segment turned profitable with $1.3 billion operating income on sales of $35.9 billion.Operating income nearly doubled to $17.4 billion, driven by increased unit sales, advertising growth, and improved operational efficiencies across all segments. The company's fulfillment network optimization and cost management initiatives continued to yield results, with operating margin expanding to 11% from 7.8% in the prior year. Free cash flow for the trailing twelve months improved significantly to $47.7 billion.Looking ahead, Amazon expects Q4 2024 net sales between $181.5 billion and $188.5 billion, representing 7-11% growth year-over-year. The company continues to invest in artificial intelligence infrastructure and technology while maintaining strong cost discipline. Management highlighted ongoing momentum in AWS and advertising businesses, with particular strength in AI-related services.