Amazon.com Reports Strong Q2 Results for Fiscal Year 2023
August 22, 2023
☀️Earnings Overview
On June 30, 2023, Amazon.com ($NASDAQ:AMZN) announced its earnings results for the second quarter of Fiscal Year 2023. The company reported total revenue of USD 134383.0 million, a year-over-year increase of 10.8%. Net income also increased significantly from -2028.0 million in the same quarter of the previous year to USD 6750.0 million.
Market Price
On Thursday, AMAZON.COM reported strong Q2 results for fiscal year 2023, with the company’s stock opening at $127.5 and closing at $128.9, up by 0.5% from the last closing price of 128.2. This marked the highest intraday high in more than a year, boosting investor confidence in the tech giant’s financials. The impressive Q2 numbers are a testament to Amazon.com’s ability to quickly adapt to the changes in consumer behavior during the pandemic, as well as its innovative approach to digital transformation. With its increasing focus on artificial intelligence, cloud computing, and automation, the company is well-positioned to continue its strong financial performance moving into the future.
Investors have responded positively to these results, with the stock price having hit a new intraday high. With a promising outlook ahead, it is clear that Amazon.com is well-prepared to continue its successful track record moving forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Amazon.com. More…
| Total Revenues | Net Income | Net Margin |
| 538.05k | 13.07k | 2.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Amazon.com. More…
| Operations | Investing | Financing |
| 61.84k | -51.91k | 2.92k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Amazon.com. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 477.61k | 309k | 16.35 |
Key Ratios Snapshot
Some of the financial key ratios for Amazon.com are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.7% | 1.6% | 3.1% |
| FCF Margin | ROE | ROA |
| 0.6% | 6.4% | 2.2% |
Analysis
At GoodWhale, we recently conducted an analysis of AMAZON.COM’s wellbeing. Our Risk Rating concluded that the company is a low risk investment from a financial and business perspective. However, while reviewing the income sheet, we did detect one risk warning. If you would like to find out more about this potential risk warning, you can become a registered user of our service and gain full access to all of our insights and analysis. We strive to provide our users with the most comprehensive and up-to-date information so that they can make informed investment decisions. Amazon.com_Reports_Strong_Q2_Results_for_Fiscal_Year_2023″>More…
Peers
Amazon.com Inc is an American multinational technology company based in Seattle, Washington, that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Four technology companies, alongside Google, Apple, and Facebook.
PChome Online Inc is a Taiwanese online shopping company established in 2000. PChome Online is the largest e-commerce platform in Taiwan, with over 60% of the country’s online shopping market share.
The RealReal Inc is an American online luxury resale store headquartered in San Francisco, California. The company sells consigned clothing, accessories, jewelry, watches, and art from a variety of luxury brands.
Zalando SE is a German e-commerce company headquartered in Berlin, that specializes in selling shoes, clothing, and other fashion items. The company was founded in 2008 and has since grown to become one of the largest online fashion retailers in Europe.
– PChome Online Inc ($TPEX:8044)
PChome Online Inc is a Chinese internet company that provides online services through its websites. The company offers a variety of services, including online shopping, online payments, online advertising, and others. PChome Online Inc is listed on the Nasdaq Global Market under the ticker symbol PCLN.
As of 2022, PChome Online Inc had a market capitalization of 5.78 billion US dollars. The company’s return on equity was 3.34 percent. PChome Online Inc is a leading player in the Chinese internet market, with a strong presence in online shopping and online payments. The company is well positioned to benefit from the growing trend of online shopping in China.
– The RealReal Inc ($NASDAQ:REAL)
The RealReal Inc is a luxury consignment company with a market cap of 117.51M as of 2022. The company offers consignment services for luxury items such as clothing, jewelry, and watches. The company has a return on equity of 137.64%.
– Zalando SE ($OTCPK:ZLDSF)
Zalando SE is a German e-commerce company that specializes in selling shoes, clothing and other fashion items. The company was founded in 2008 and is headquartered in Berlin. As of 2022, Zalando SE has a market cap of 5.66B and a return on equity of 4.78%. The company’s main competitors are Amazon, eBay and Alibaba.
Summary
Investors are optimistic about Amazon.com‘s second quarter performance for Fiscal Year 2023, with total revenue increasing 10.8% from the same period last year and net income improving significantly from a loss of -2028.0 million to a reported 6750.0 million. This is a solid indication that the company is on track to reach its profit goals for the fiscal year. Analysts are expecting continued growth in the coming quarters, particularly in the holiday season, as Amazon strengthens its competitive position in the e-commerce market. The stock is currently trading near all-time highs due to the positive investor sentiment, making it a great time to consider adding Amazon to your portfolio.
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