Amazon.com Inc

Amazon closed out 2024 with a blowout fourth quarter, posting earnings per share of $1.86 and beating the Wall Street consensus of $1.48 by 25.36%, as revenue climbed 10.5% year-over-year to $187.79 billion. The headline driver was a sweeping expansion in profitability, with operating income rising 61% to $21.20 billion and net income nearly doubling to $20.00 billion, as the company's relentless push into cloud and artificial intelligence paid off in scale. AWS was central to that story, growing segment sales 19% to $28.79 billion while generating $10.63 billion in operating income, roughly half of the company's consolidated total, at a 36.9% margin. CEO Andy Jassy has leaned heavily into AI infrastructure, unveiling the Trainium2 chip, Amazon Nova foundation models, and a massive compute cluster built in collaboration with Anthropic, investments that are already straining capital budgets but positioning the business for future growth. Looking ahead, Amazon guided Q1 2025 revenue of $151.00 billion to $155.50 billion, with operating income of $14.00 billion to $18.00 billion, absorbing a roughly $2.10 billion foreign exchange headwind.