---
schema_version: "secwatch.filing_event.v1"
accession: "0001018724-23-000006"
form_type: "8-K"
ticker: "AMZN"
cik: "0001018724"
company_name: "AMAZON COM INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T07:43:25.953189+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Amazon Q1 net sales $127.4B (+9% YoY), EPS $0.31 vs loss; operating income $4.8B

## Summary
- Net sales $127.4B, +9% YoY; North America +11% to $76.9B, International +1% (ex FX +9%) to $29.1B.
- AWS sales $21.4B (+16%), operating income $5.1B (down from $6.5B YoY); total operating income $4.8B.
- Net income $3.2B ($0.31 EPS) vs net loss $3.8B (-$0.38 EPS) last year; includes $0.5B severance charges.
- Operating cash flow TTM $54.3B (+38%); free cash flow improved to -$3.3B from -$18.6B outflow.
- CEO notes fastest Prime delivery speeds ever; AWS navigating cautious spending but bullish long-term.

## SEC filing metadata
- accession: 0001018724-23-000006
- form_type: 8-K
- ticker: AMZN
- cik: 0001018724
- company_name: AMAZON COM INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1018724/000101872423000006/0001018724-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1018724/000101872423000006/amzn-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001018724-23-000006
- JSON: https://secwatch.observer/filing/0001018724-23-000006.json
- Plain text: https://secwatch.observer/filing/0001018724-23-000006.txt

## Key facts
- Earnings Releases
  AMAZON COM INC reported first quarter ended March 31, 2023 results: revenue $127.4 billion, net income $3.2 billion, EPS $0.31 per diluted share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $127.4 billion
  - Net income: $3.2 billion
  - EPS: $0.31 per diluted share
  - Result: reported results
  source text: • Net sales increased 9% to $127.4 billion in the first quarter, compared with $116.4 billion in first quarter 2022. Excluding the $2.4 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 11% compared with first quarter 2022. • North America segment sales increased 11% year-over-year to $76.9 billion. • International segment sales increased 1% year-over-year to $29.1 billion, or increased 9% excluding changes in foreign exchange rates. • AWS segment sales increased 16% year-over-year to $21.4 billion. • Operating income increased to $4.8 billion in the first quarter, compared with $3.7 billion in first quarter 2022. First quarter 2023 operating income includes approximately $0.5 billion of charges related to estimated severance costs. • North America segment operating income was $0.9 billion, compared with operating loss of $1.6 billion in first quarter 2022. • International segment operating loss was $1.2 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1018724/000101872423000006/0001018724-23-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.