Two from Seattle's own, Geekwire (also serving Redmond):
April 28
Amazon reports first-quarter earnings Wednesday with more signs than ever that its cloud business is in demand, including a $244 billion revenue backlog, blockbuster deals with Meta, OpenAI and Anthropic, and a custom chip business that doubled in a matter of months.
The problem: a $200 billion capital spending plan, largely dedicated to new AI infrastructure, that drained Amazon’s free cash flow and sank its stock 10% last quarter.
Here’s a preview of the key numbers and storylines to watch.
Core expectations: Wall Street expects Amazon to report about $177 billion in first-quarter revenue, up roughly 14% from a year ago, with earnings of $1.65 per share. That’s up just 4%, reflecting the growing depreciation costs from the company’s infrastructure buildout.
Amazon’s guidance for first-quarter operating income ranges from $16.5 billion to $21.5 billion — a $5 billion spread that reflects uncertainty around tariff impacts on its retail business and about $1 billion in new costs from its satellite internet project, Amazon Leo.
AWS growth: But the main event is Amazon Web Services, where analysts expect about $36.8 billion in revenue, up nearly 26% from a year ago. AWS growth has been accelerating for three straight quarters (from 17% to 20% to 24%) and investors are looking for that to continue....
....MUCH MORE
And April 27:
Microsoft earnings preview: After a $357B wipeout, tech giant gets another chance
