Amazon is scheduled to post quarterly earnings after the bell on Tuesday, continuing a wave of Big Tech results that have so far wowed Wall Street but also flashed a warning of some impatience with heavy AI spending. The company is expected to offer updates on the progress of its AI development, the state of its lucrative cloud business, and the growth of its advertising segment.
Amazon's report will arrive a week after its cloud rival and AI competitor Microsoft (MSFT) posted an impressive quarter, beating expectations on the strength of its cloud computing business. The market cheered even louder for Google parent Alphabet's (GOOG, GOOGL) results, which outperformed on the top and bottom lines and came with an announcement of a new dividend, the latest in a trend among tech giants.
Here’s what Wall Street is expecting for some of Amazon's most significant metrics in the company’s fiscal fourth quarter:
Revenue: $142.6 billion expected ($127.4 billion in Q1 2023)
Adjusted earnings per share: $0.82 expected ($0.31 in Q1 2023)