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Live updates: Amazon to report quarterly earnings today after market close

Joe Ciolli,Matthew Fox   

Live updates: Amazon to report quarterly earnings today after market close
Amazon CEO Andy JassyREUTERS/Mike Blake; Chelsea Jia Feng/BI
  • Amazon reports second-quarter earnings after the closing bell on Thursday.
  • Investors expect solid growth in both Amazon's AWS cloud unit and its massive retail operation.

Amazon will report second-quarter earnings on Thursday after the closing bell.

Top of mind for investors will be any commentary on Amazon's recent Prime Day sales event, as well as the growth rate of its advertising business and whether its AWS cloud unit is still the leader in the space.

Amazon's stock was up 23% year-to-date through Wednesday's close, outpacing the the S&P 500's 16% gain.

Amazon's consensus second-quarter net sales estimate is $148.78 billion.

Second quarter

  • Net sales estimate: $148.78 billion

    • Online stores net sales estimate: $55.54 billion
    • Physical Stores net sales estimate: $5.26 billion
    • Third-Party Seller Services net sales estimate: $36.66 billion
    • Subscription Services net sales estimate: $10.93 billion
    • AWS net sales estimate: $25.98 billion
    • North America net sales estimate: $89.98 billion
    • International net sales estimate: $32.87 billion
  • Third-party seller services net sales excluding F/X estimate: +13.4%
  • Subscription services net sales excluding F/X estimate: +10.5%
  • Amazon Web Services net sales excluding F/X estimate: +17.2%
  • EPS estimate: $1.04

  • Operating income estimate: $13.59 billion

    • Operating margin estimate: 9.13%
    • North America operating margin estimate: +5.78%
    • International operating margin estimate: 0.31%
  • Fulfillment expense estimate: $22.96 billion
  • Seller unit mix estimate: 60.3%

Third quarter

  • Net sales estimate: $158.43 billion
  • Operating income estimate: $15.66 billion

Source: Bloomberg

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