Pressure Points: Amazon 1Q'26 Earnings
From Pressure Points by Deepwater Asset Management
April 30, 2026 · 5 min
About this episode
The episode discusses Amazon's 1Q'26 earnings and capital expenditure outlook, highlighting the lack of significant AI advancements outside of AWS.
Sounds like they’re keeping capex outlook unchanged. Up 48% y/y in CY26 compared to up 59% in CY25. The kicker is outside of AWS, they still have not had their AI moment. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit deepwatermgmt.substack.com
Topics covered
- earnings report
- capital expenditure
- artificial intelligence
- Amazon Web Services
- financial analysis
Keywords
- Amazon
- 1Q'26
- earnings
- capital expenditure
- AI
- AWS
Mentioned in this episode
Organizations: Amazon, AWS
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