Amazon Now Does Everything: From Books to Satellites to $615 Million Movies

On Morning Brew Daily, 1 big summed up the absorption to Amazon (NASDAQ:AMZN) Q1 2026 net with a enactment each semipermanent shareholder has astir apt thought astatine immoderate point: "10, 20 years ago, this institution conscionable sold utilized worldly online, well, really conscionable books successful the '90s. And present it does beauteous overmuch everything successful the world." The Q1 merchandise made that lawsuit successful 1 condemnation from CEO Andy Jassy.

In the net grounds filed April 29, Jassy noted Amazon "hit breathtaking milestones with transportation velocity (more than 1 cardinal items same-day oregon overnight successful 2026 and counting), Project Hail Mary (nearly $615 cardinal astatine the container bureau to day and the 2nd astir palmy non-sequel, non-franchise opening of caller memory), and Amazon Leo continues to resonate with prospective customers, with Delta Airlines the latest to motion on."

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From Books to Satellites to a $615 Million Movie

The Morning Brew conception highlighted that Amazon acquired outer relation Globalstar for $11 cardinal to physique an net outer business, and that Amazon Studios' Project Hail Mary earned $615 cardinal successful planetary container office. Those are headline-grabbing items, but they beryllium alongside Zoox robotaxis, Amazon Pharmacy, One Medical, Whole Foods, Alexa+, Kindle, and a chips concern present moving astatine a $20 cardinal yearly gross tally complaint with triple-digit growth.

What Investors Actually Care About: AWS and AI

Despite the sprawling marque portfolio, the banal thesis inactive revolves astir the cloud. AWS gross roseate 28% to $37.59 billion, what Jassy called the fastest maturation successful 15 quarters, astatine a 38% operating margin. Compute commitments from OpenAI (around 2 GW of Trainium starting successful 2027) and Anthropic (up to 5 GW) anchor the multi-year request picture.

Total Q1 gross came successful astatine $181.52 billion, up 17% twelvemonth implicit year, with EPS of $2.78 against a $1.73 estimate. A cardinal caveat: nett income was lifted by a $16.8 cardinal pre-tax Anthropic concern gain. Stripping that out, operating income inactive roseate 30%.