Amazon.com, Inc. (AMZN) earnings on April 29, 2026
More Amazon.com, Inc. earnings
Prior outlook: No statistical edge
AMZN saw significant price swings after earnings, initially rising before falling. The stock ultimately closed with a small gain.
AMZN price around the earnings
264.92
Change: +0.9%
2026-04-30, 20:54 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: No statistical edge
- Thesis published
Analysts expect growth, but AI spending ROI is a concern.
Analysts anticipate continued growth for Amazon, but there are concerns about the return on investment for their significant AI spending. The stock has seen a strong price increase recently, which could lead to some selling to lock in profits.
Context analyzed before publication
- Summary
- Analysts expect growth, but AI spending ROI is a concern.
- Reasoning
- Analysts anticipate continued growth for Amazon, but there are concerns about the return on investment for their significant AI spending. The stock has seen a strong price increase recently, which could lead to some investors selling to lock in profits.
- Playbook
- The recent price run-up and potential for profit-taking present a scenario where a clearer context or a more attractive reference area could emerge. The effectiveness of AI spending is a relevant factor in the analysis.
- Trend
- Strong run-up, potential for profit-taking.
Analysts
Drivers
-
Analysts
Positive
Most analysts maintain a buy rating, with an average price target of $X.
Evidence
- Analyst consensus
- Strong buy
- Consensus average (1-5)
- 1.36
- Analysts covering the stock
- 64
- Average price target
- 283.98
- Lowest price target
- 175
- Highest price target
- 360
- Upside to price target
- 8%
- Quarterly earnings growth
- 5.9%
- Revenue growth
- 13.6%
- Forward EPS
- 9.45
- Trailing EPS
- 7.17
- Analyst moves in the last 60 days
- 10
- Strong buy: 14
- Buy: 48
- Hold: 5
- Sell: 0
- Strong sell: 0
- Strong buy
- 14
- Buy
- 48
- Hold
- 5
- Sell
- 0
- Strong sell
- 0
- April 28, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
- April 24, 2026 · Oppenheimer: Maintains rating (Outperform → Outperform)
- April 23, 2026 · UBS: Maintains rating (Buy → Buy)
- April 23, 2026 · BMO Capital: Maintains rating (Outperform → Outperform)
- April 21, 2026 · Cantor Fitzgerald: Maintains rating (Overweight → Overweight)
- April 20, 2026 · Keybanc: Maintains rating (Overweight → Overweight)
- April 20, 2026 · B of A Securities: Maintains rating (Buy → Buy)
- April 17, 2026 · Truist Securities: Maintains rating (Buy → Buy)
- April 16, 2026 · TD Cowen: Reiterates rating (Buy → Buy)
- April 15, 2026 · Citizens: Reiterates rating (Market Outperform → Market Outperform)
News and sentiment
Drivers
-
News & sentiment
Negative
Concerns exist about whether the company's large investments in AI will generate sufficient revenue. This uncertainty could impact the story investors are buying into.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (4)
- Meta, Amazon, Google Face AI Reality Check: Can New Revenue Justify Billions In Spending? — Benzinga
- CNBC Halftime Report Final Trades: Amazon, QXO, UnitedHealth Group, Phillips 66 — Benzinga
- Amazon Stock Hits All-Time High Ahead Of Q1 Earnings — Benzinga
- Amazon Earnings Prediction Market Preview: What Will Andy Jassy Say? — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock is nearing a resistance level after a significant price increase. This suggests a higher risk of a price drop as investors might sell after the recent gains.
Evidence
- Average true range (ATR)
- 2.4%
- Distance to 52-week high
- -1.1%
- 14-day change (14d)
- +10.3%
- 30-day change
- +25.3%
- 30-day relative strength
- +19.4%
- Benchmark change
- +6.0%
- Nearest support
- 199.16
- Nearest resistance
- 265.89
- Volume accumulation ratio
- 0.94
Trends
Evidence
- Average earnings surprise
- +17.3%
- February 5, 2026: actual EPS 1.95 vs estimate 1.95 (surprise +0.2%)
- October 30, 2025: actual EPS 1.95 vs estimate 1.56 (surprise +25.2%)
- July 31, 2025: actual EPS 1.68 vs estimate 1.32 (surprise +27.2%)
- May 1, 2025: actual EPS 1.59 vs estimate 1.36 (surprise +16.8%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 7.6%
- 75th percentile move
- 8.5%
- 90th percentile move
- 11%
- Up / down moves
- 9 / 10
- Average up move
- +7.1%
- Average down move
- -6.9%
Monitoring and close
What Amazon.com, Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Consolidated
- +1.0%
- Max move
- +4.3%
No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.