Four times a year, a large company publishes its results for the quarter just ended. Its share price can move sharply the next day. The release runs to thousands of words and several pages of tables, and most of it barely matters to the price. If you know which few lines to check, you can see what changed before the commentary starts.
Tokenized Amazon, traded as AMZNX and listed on BloFin as the AMZNX/USDT Spot pair, is a token that tracks Amazon's share price. An Amazon results night moves it too.
What is an Amazon earnings report?
An Amazon earnings report is the quarterly results release Amazon.com, Inc. publishes after the market closes, filed with the Securities and Exchange Commission (SEC) as Exhibit 99.1 to a Form 8-K. It gives the quarter's sales, operating income and net income, results for its three business segments, cash flow, and forecast ranges for the next quarter.
The SEC is the US stock market regulator, and a Form 8-K is the report a company files with it to announce a major event, such as its results. The second-quarter 2026 release, published on July 30, 2026, opened with net sales of $200.6 billion, up 20%, and operating income of $27.5 billion (source: Amazon Q2 2026 results). Operating income is the profit from running the business, before interest, investment gains and tax. The figures sit in the same places every quarter, so you can read them in the same order each time:
The first page: sales, operating income and net income against the same quarter a year earlier, and cash flow over the last twelve months.
Guidance: the forecast ranges for the next quarter, with the assumptions behind them.
Segment information: sales and profit for each of Amazon's business segments: North America, International and its cloud arm, Amazon Web Services (AWS).
Extra tables at the end: sales by type, such as online stores, ads and subscriptions.
Each part answers a different question: the first page tells you what happened, the guidance tells you what Amazon expects next, and the segment table tells you where the profit came from. Later the same evening, Amazon files its quarterly report on Form 10-Q, which repeats the numbers with fuller notes (source: Amazon Q2 2026 Form 10-Q). The second-quarter 2026 report reached the SEC at 6:11 p.m. Eastern on July 30, and EDGAR, the SEC's free online filing database, dates it the next day (source: SEC filing index, Form 10-Q, July 2026).
When Amazon reports earnings
Amazon reports four times a year: late April or early May, late July or early August, late October, and early February for the holiday quarter. Results come out after the US market closes. A conference call follows the same afternoon, at 2:00 p.m. Pacific time (PT) in most quarters since October 2024.
The last full cycle shows the pattern, with each release followed by its call the same afternoon (source: Amazon events page).
Quarter | Results released | Conference call |
|---|---|---|
Q3 2025 | October 30, 2025 | 2:00 p.m. PT |
Q4 2025 | February 5, 2026 | 2:00 p.m. PT |
Q1 2026 | April 29, 2026 | 2:30 p.m. PT |
Q2 2026 | July 30, 2026 | 2:00 p.m. PT |
Calls from October 2020 to August 2024 started at 2:30 p.m. Pacific (source: Amazon events page).
The Nasdaq market closes at 4:00 p.m. Eastern time (ET) (source: Nasdaq market schedule). Amazon's July 30, 2026 release reached the SEC six minutes later, at 4:06 p.m. Eastern (source: SEC filing index, July 30, 2026). The share keeps trading in the after-hours session that follows, and after that release it rose more than 10% in extended trading (source: CNBC, July 30, 2026). Every third-quarter report from 2020 to 2025 came out between October 26 and October 31 (source: SEC EDGAR, Amazon filings).
The fourth-quarter report does two jobs. It closes the year, and it carries the first forecast for the new one. The release of February 5, 2026 forecast first-quarter 2026 operating income of $16.5 billion to $21.5 billion, against $18.4 billion a year earlier (source: Amazon Q4 2025 results).
The numbers to check first in an Amazon report
Four lines are worth checking first: AWS, total operating income against the forecast, advertising, and spending on property and equipment. Each appears in the release's headline figures or its tables. The second quarter of 2026, reported on July 30, 2026, shows each of them.
Line | Q2 2026 | Q2 2025 |
|---|---|---|
AWS sales | $42.2 billion | $30.9 billion |
AWS operating income | $16.6 billion | $10.2 billion |
Total operating income | $27.5 billion | $19.2 billion |
Advertising sales | $19.8 billion | $15.7 billion |
Purchases of property and equipment | $54.2 billion | $32.2 billion |
Source: Amazon Q2 2026 results.
AWS comes first: its sales rose 37%, which the release called its fastest growth in 18 quarters (source: Amazon Q2 2026 results). Heading into that report, investors were focused on AWS growth after Amazon's main cloud rivals posted strong results, and Wall Street had expected 31% (source: CNBC, July 30, 2026). For AWS, operating income came to about 39% of sales, far above the rest of Amazon. AWS earned $16.6 billion of Amazon's $27.5 billion operating income, about 60%, so a change in AWS growth changes a large share of Amazon's profit.
Total operating income is the second line. At $27.5 billion it was above the $20.0 billion to $24.0 billion range Amazon had forecast in April (source: Amazon Q1 2026 results). Advertising is the third, and in that quarter Amazon's advertising business grew 26% at fixed exchange rates. That was faster than any other Amazon sales line except AWS (source: Amazon Q2 2026 results).
Spending on property and equipment, called capital expenditure or capex, is the fourth. It is the money Amazon puts into data centers, chips and warehouses, and it came to $54.2 billion in one quarter (source: Amazon Q2 2026 results). The call can add numbers the release leaves out. On the July 30, 2026 call, Amazon's chief executive, Andy Jassy, said capital spending would reach $220 billion in 2026, up from the $200 billion Amazon had given in February (source: CNBC, July 30, 2026).
The release also reports a free cash flow measure, cash from operations minus spending on property and equipment, which was an outflow of $7.6 billion for the twelve months to June 30, 2026 (source: Amazon Q2 2026 results).
How Amazon's guidance works
Guidance is the company's own forecast for the next quarter. Amazon gives two ranges, one for net sales and one for operating income. On July 30, 2026, it forecast third-quarter net sales of $197.0 billion to $202.0 billion and operating income of $22.5 billion to $26.5 billion (source: Amazon Q2 2026 results).
The operating income range is wide, $4 billion to $5 billion from bottom to top. Recent results have landed near or above the top of it:
Q4 2025: a range of $21.0 billion to $26.0 billion, and a result of $25.0 billion after three special charges (source: Amazon Q4 2025 results) (source: Amazon Q3 2025 results).
Q1 2026: a range of $16.5 billion to $21.5 billion, and a result of $23.9 billion (source: Amazon Q4 2025 results) (source: Amazon Q1 2026 results).
Q2 2026: a range of $20.0 billion to $24.0 billion, and a result of $27.5 billion (source: Amazon Q1 2026 results) (source: Amazon Q2 2026 results).
Each range comes with assumptions. The second-quarter 2026 range assumed that Prime Day would fall in that quarter (source: Amazon Q1 2026 results). The third-quarter range assumes no deals to buy other companies, no restructuring and no legal settlements, and it leaves out changes in the value of certain energy contracts (source: Amazon Q2 2026 results). So a quarter with a large legal settlement can miss the range for a reason the range never covered.
Say you are reading the third-quarter 2026 result when it arrives. After the AWS line, compare operating income with $22.5 billion to $26.5 billion. Then check whether a special charge or settlement sits inside the figure, because the release names each one next to the headline number.
Why Amazon's net income swings more than operating income
Amazon's net income can rise or fall by tens of billions of dollars on changes in the value of companies it has invested in. Those gains and losses sit below operating income, as non-operating income. That is why operating income is the steadier guide to how the business itself did.
The second quarter of 2026 shows the gap. Net income was $62.6 billion, and it included $53.4 billion of other income before tax, mostly from Amazon's stake in the artificial intelligence lab Anthropic, while operating income was $27.5 billion (source: Amazon Q2 2026 results). Anthropic gains had appeared before, at $9.5 billion in the third quarter of 2025 and $16.8 billion in the first quarter of 2026 (source: Amazon Q3 2025 results) (source: Amazon Q1 2026 results).
The same line can also go the other way. In the first quarter of 2022, Amazon reported a net loss of $3.8 billion. That included a $7.6 billion pre-tax loss on the value of its shares in the electric-vehicle company Rivian (source: Amazon Q1 2022 results). Earnings per share from a quarter like either of these tells you little about the next one.
The release names such gains and losses in its first-page bullets. The July 30, 2026 release did so for the $53.4 billion, so you can find it without reading the income statement (source: Amazon Q2 2026 results). One smaller item does sit inside operating income: a $551 million gain in the second quarter of 2026 from revaluing long-term electricity contracts (source: Amazon Q2 2026 Form 10-Q).
How Amazon stock has moved after earnings
Amazon's share price has moved by a median of 6.8% on the trading day after each of its last 24 results releases, from October 2020 to July 2026, worked out from daily closing prices. On an ordinary trading day over the same period, the median move was 1.2% (source: Yahoo Finance AMZN history).
On the same calculation, 16 of the 24 moves were 5% or larger, and 10 were rises and 14 were falls (source: Yahoo Finance AMZN history). The last three show how loosely the move follows the result against the forecast:
Results released | Next-day close change | Operating income against the range |
|---|---|---|
Feb 5, 2026 (Q4 2025) | −5.6% | $25.0 billion, inside $21.0 billion to $26.0 billion |
Apr 29, 2026 (Q1 2026) | +0.8% | $23.9 billion, above $16.5 billion to $21.5 billion |
Jul 30, 2026 (Q2 2026) | +15.3% | $27.5 billion, above $20.0 billion to $24.0 billion |
Closing-price changes (source: Yahoo Finance AMZN history). Operating income and ranges (source: Amazon Q4 2025 results) (source: Amazon Q1 2026 results) (source: Amazon Q2 2026 results).
Two results above the top of the range produced a gain of 0.8% and a gain of 15.3%. The second of those releases was also the one in which AWS growth reached 37%, against 28% in the first quarter (source: Amazon Q2 2026 results). The result against the range is one of the four lines, read beside AWS growth.
The largest moves in the 24 releases were a 15.3% rise on July 31, 2026 and a 14.0% fall on April 29, 2022, the day after the Rivian loss was reported (source: Yahoo Finance AMZN history). Earnings are one of several forces that move the Amazon share price. The spot fee on an AMZNX/USDT trade placed around a results night depends on your account tier, and each tier's rate is listed in the BloFin fee schedule.
What Amazon earnings mean for AMZNX
AMZNX follows the price of Amazon stock (AMZN), so the move after a results release reaches the token as well. Because Amazon reports after the market closes, the share first reacts in after-hours trading. Much of its move shows up at the next morning's open (source: Yahoo Finance AMZN history).
Say you had held the equivalent of 10 Amazon shares at the July 30, 2026 close of $235.50, worth $2,355. At the next morning's open of $265.00, 12.5% above the previous close, they were worth $2,650 (source: Yahoo Finance AMZN history). That is a gain of $295 at the open, and at that day's close of $271.58 they were worth about $2,716. If the token had tracked the share exactly, the same would have been true of an AMZNX holding. A fall works the same way in reverse. After the release of August 1, 2024, the share opened 9.4% lower and closed the next day down 8.8% (source: Yahoo Finance AMZN history). Based on daily prices, the share opened at least 5% up or down after 15 of the 24 releases since October 2020 (source: Yahoo Finance AMZN history).
After a release, read the four lines first, starting with AWS and its growth rate. Holding the token outright and trading a perpetual contract on the same share carry different costs and risks on a results night.
Looking to gain exposure to Amazon? To get started, you'll need to first create a BloFin account, fund your account with cryptocurrency, and navigate to the AMZNX/USDT Spot trading page or AMZNUSDT Perpetual page.
Frequently asked questions
When is Amazon's next earnings date?
Amazon announces each date by press release about two weeks ahead. On July 16, 2026, it announced a call on its second-quarter results for July 30, 2026, at 2:00 p.m. PT, 5:00 p.m. ET (source: Amazon webcast notice, July 16, 2026). The date then appears on Amazon's investor events page, which on September 25, 2026 showed no date yet for the third-quarter call (source: Amazon events page). Until that notice appears, a date on any other website is an estimate.
Can you listen to Amazon's earnings call?
Amazon webcasts each call live at amazon.com/ir, and the audio and slides stay there for at least three months afterward (source: Amazon webcast notice, July 16, 2026). Amazon says the call includes its outlook and other important news about its results (source: Amazon Q2 2026 results). On the July 30, 2026 call, for example, Andy Jassy said AWS's backlog, work customers have contracted that has not yet started, had reached $496 billion (source: CNBC, July 30, 2026).
Is Amazon expected to beat earnings?
Amazon gives no forecast for earnings per share, so a beat or a miss is measured against analysts' estimates (source: Amazon Q2 2026 results). For the second quarter of 2026, CNBC compared Amazon's adjusted earnings per share of $1.97 with an estimate of $1.82 (source: CNBC, July 30, 2026). The release itself reported $5.75 per diluted share and $5.82 per basic share (source: Amazon Q2 2026 results). Basic earnings per share use the average shares outstanding, and diluted earnings per share also count shares that stock awards could add (source: Amazon Q2 2026 Form 10-Q). Estimates for the next quarter appear on market data pages such as Nasdaq's before each report (source: Nasdaq AMZN earnings).
How big is the opening gap after Amazon earnings?
For the 24 results releases from October 2020 to July 2026, the largest upward gaps at the open were 12.5% on July 31, 2026, 12.2% on October 31, 2025 and 12.1% on February 4, 2022 (source: Yahoo Finance AMZN history). They come from daily opening and closing prices. The largest downward gap was 11.8% on October 28, 2022. That day's close recovered to a fall of 6.8%, so the opening price is not always where the day ends.
Where can I read Amazon's earnings release?
Amazon's investor events page lists each quarter's release next to its webcast and slides (source: Amazon events page). On EDGAR, search for Amazon or its ticker, AMZN, choose AMAZON COM INC from the suggestions, and filter the filings to Form 8-K. The results filing is the one marked Item 2.02, and the release sits inside it as Exhibit 99.1 (source: SEC filing index, July 30, 2026). After the fourth quarter, the annual report on Form 10-K takes the place of the quarterly Form 10-Q. EDGAR dated the 2025 report February 6, 2026, the day after the February 5 results release (source: Amazon Q4 2025 results) (source: SEC EDGAR, Amazon annual reports).
Researched and written by the BloFin Academy editorial team with AI-assisted drafting. All facts independently verified. Primary sources include Amazon's results releases and SEC filings, its investor website, Nasdaq's market schedule, CNBC and Yahoo Finance price history, current as of September 25, 2026.
Nothing in this article constitutes financial advice, and nothing in it is a recommendation to buy, sell or hold Amazon in any form. A results night can move the share sharply either way. After the release of February 5, 2026, which reported operating income inside Amazon's own forecast range, the share fell 5.6% the next day. After the release of October 27, 2022, it opened 11.8% below the previous close. On the AMZNUSDT Perpetual, a gap of that size can liquidate a leveraged position on the wrong side. Past performance does not indicate future results. Do your own research and consider your risk tolerance before you trade on BloFin.