Reports Strong Q2 Results for Fiscal Year 2023

August 22, 2023

☀️Earnings Overview

On June 30, 2023, ($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’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 is well-prepared to continue its successful track record moving forward. Live Quote…

About the Company

  • Amazon.com_Reports_Strong_Q2_Results_for_Fiscal_Year_2023″>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for More…

    Total Revenues Net Income Net Margin
    538.05k 13.07k 2.9%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for More…

    Operations Investing Financing
    61.84k -51.91k 2.92k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for More…

    Total Assets Total Liabilities Book Value Per Share
    477.61k 309k 16.35
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for 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%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • 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…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

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    Investors are optimistic about‘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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