NASDAQ$AMZN
Amazon.com Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Amazon's financial performance was impacted by inflationary pressures and a valuation loss from its investment in Rivian Automotive, resulting in a net loss for the quarter.
Amazon's Q2 2022 results showed a 7% increase in net sales to $121.2 billion, but operating income decreased to $3.3 billion, and the company reported a net loss of $2.0 billion, or $0.20 per diluted share, which includes a pre-tax valuation loss of $3.9 billion from its investment in Rivian Automotive, Inc.
- Net sales increased by 7% to $121.2 billion, or 10% excluding the impact of foreign exchange rates.
- Operating income decreased to $3.3 billion, compared to $7.7 billion in the second quarter of 2021.
- Amazon Web Services (AWS) net sales increased 33% year over year to $19.7 billion, with operating income increasing to $5.7 billion.
- The company is focused on improving the productivity of its fulfillment network and making Prime even better for members.
Headline financials
Revenue & EPS history
Amazon · Revenue · Quarterly
$121B
Revenue by segment
Amazon · $121B total across 3 segments · Q2 2022
- North America$74.4B+10.2%61.4%
- International$27.1B-11.9%22.3%
- AWS$19.7B+33.3%16.3%
Forward guidance
Amazon expects net sales between $125.0 billion and $130.0 billion, representing growth between 13% and 17% compared to Q3 2021. Operating income is expected to be between $0 and $3.5 billion, compared with $4.9 billion in Q3 2021. This guidance anticipates an unfavorable impact of approximately 390 basis points from foreign exchange rates.
Tailwinds
- Net sales are expected to grow between 13% and 17% compared with third quarter 2021
- Guidance assumes no additional business acquisitions
- Guidance assumes no additional restructurings
- Guidance assumes no additional legal settlements are concluded
- Continued investments in Prime membership benefits, such as faster shipping speeds and unique benefits
Headwinds
- Net sales guidance anticipates an unfavorable impact of approximately 390 basis points from foreign exchange rates
- Operating income is expected to be lower compared to third quarter 2021
- Uncertainty regarding the impacts of the COVID-19 pandemic
- Fluctuations in foreign exchange rates
- Changes in global economic conditions and customer demand and spending
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+0.7%
Avg return
Earnings day
-0.0%
Avg return
5 days after
+0.5%
Avg return
30 days after
47%
31 / 66 earnings
Positive
+18.4%
Q1 2012
Best reaction
-10.6%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.0% | +4.0% | +2.9% | |
| Q4 2025 | -5.6% | -8.4% | -4.3% | |
| Q3 2025 | +1.9% | +12.3% | +4.6% | |
| Q2 2025 | -6.2% | -5.0% | -2.2% | |
| Q1 2025 | -0.2% | -0.8% | +7.8% | |
| Q4 2024 | -4.1% | -4.1% | -16.6% | |
| Q3 2024 | +2.7% | +3.5% | +7.9% | |
| Q2 2024 | -10.2% | -13.4% | -4.5% | |
| Q1 2024 | -1.1% | +2.9% | -0.9% | |
| Q4 2023 | +10.7% | +9.0% | +14.8% | |
| Q3 2023 | +5.2% | +9.6% | +20.9% | |
| Q2 2023 | +8.9% | +9.1% | +7.7% | |
| Q1 2023 | +0.4% | -1.3% | +14.4% | |
| Q4 2022 | -1.7% | -2.9% | -9.7% | |
| Q3 2022 | -10.6% | -16.3% | -19.2% | |
| Q2 2022 | +11.6% | +10.9% | +8.1% | |
| Q1 2022 | -10.1% | -10.1% | -16.7% | |
| Q4 2021 | +4.7% | +7.2% | -3.3% | |
| Q3 2021 | -0.6% | -2.4% | +3.3% | |
| Q2 2021 | -8.3% | -7.3% | -7.7% | |
| Q1 2021 | +0.3% | -4.2% | -6.8% | |
| Q4 2020 | -0.9% | +0.3% | -10.9% | |
| Q3 2020 | -4.0% | -3.6% | +1.0% | |
| Q2 2020 | +4.3% | +3.5% | +12.1% | |
| Q1 2020 | -3.7% | -2.3% | +2.9% | |
| Q4 2019 | +8.1% | +10.3% | +1.4% | |
| Q3 2019 | -0.0% | +0.0% | -0.9% | |
| Q2 2019 | -2.9% | -5.1% | -12.6% | |
| Q1 2019 | +2.6% | +1.3% | -4.1% | |
| Q4 2018 | -2.6% | -0.7% | +0.1% | |
| Q3 2018 | -1.3% | -8.0% | -9.7% | |
| Q2 2018 | -2.5% | -4.6% | +2.2% | |
| Q1 2018 | +7.7% | +8.4% | +10.3% | |
| Q4 2017 | -1.4% | -0.6% | +3.4% | |
| Q3 2017 | +13.2% | +13.6% | +21.9% | |
| Q2 2017 | -3.1% | -5.4% | -10.2% | |
| Q1 2017 | +1.7% | +4.1% | +9.5% | |
| Q4 2016 | -2.7% | -2.4% | +2.1% | |
| Q3 2016 | -5.6% | -4.5% | -5.1% | |
| Q2 2016 | +3.0% | +3.2% | +4.4% | |
| Q1 2016 | +8.7% | — | — | |
| Q4 2015 | +0.6% | — | — | |
| Q3 2015 | +7.8% | — | — | |
| Q2 2015 | +8.4% | — | — | |
| Q1 2015 | +14.2% | — | — | |
| Q4 2014 | +16.6% | — | — | |
| Q3 2014 | -8.3% | — | — | |
| Q2 2014 | -9.5% | — | — | |
| Q1 2014 | -6.4% | — | — | |
| Q4 2013 | -6.7% | — | — | |
| Q3 2013 | +11.2% | — | — | |
| Q2 2013 | +4.3% | — | — | |
| Q1 2013 | -5.2% | — | — | |
| Q4 2012 | -1.2% | — | — | |
| Q3 2012 | +4.3% | — | — | |
| Q2 2012 | +9.4% | — | — | |
| Q1 2012 | +18.4% | — | — | |
| Q4 2011 | -6.5% | — | — | |
| Q3 2011 | -9.0% | — | — | |
| Q2 2011 | +4.6% | — | — | |
| Q1 2011 | +6.9% | — | — | |
| Q4 2010 | -8.0% | — | — | |
| Q3 2010 | +2.4% | — | — | |
| Q2 2010 | -1.3% | — | — | |
| Q1 2010 | -1.9% | — | — | |
| Q2 2009 | -10.2% | — | — |
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