Amazon guided for $159 billion to $164 billion in Q2 sales and $13 billion and $17.5 billion in Q2 operating income, compared to estimates of $161.2 billion in sales and $17.6 billion operating profit for Amazon’s current quarter.

Amazon reported its first-quarter 2025 earnings Thursday, beating analysts’ estimates for the January-March quarter. Wall Street forecast earnings per share (EPS) of $1.37 on $155 billion in revenue,

Amazon.com forecast second-quarter revenue largely above Wall Street estimates on Thursday, in a reassuring sign that the world's biggest e-commerce company would navigate tariff-related uncertainty on its retail business.

Investors are digesting Amazon's first-quarter report, which came out after Thursday's closing bell. Hot topics will be the impact of tariffs and growth in the cloud.

Amazon is expected to deliver $1.36 in earnings per share (EPS) on revenue of $155.12 billion. President Donald Trump's tariffs largely accelerated after the end of the quarter, so the market expects little effect there. But management's outlook on the tariffs in Q2 is what analysts will seek to understand.