Categories AlphaGraphs, Earnings, Retail, Technology

AMZN Earnings: All you need to know about Amazon’s Q2 2022 earnings results

Amazon.com, Inc. (NASDAQ: AMZN) reported second quarter 2022 earnings results today.

Net sales increased 7% year-over-year to $121.2 billion.  

The company reported a net loss of $2 billion, or $0.20 per share, compared to a net income of $7.8 billion, or $0.76 per share, in the prior-year period. This quarter’s results include a pre-tax valuation loss of $3.9 billion associated with the company’s investment in Rivian Automotive.

For the third quarter of 2022, net sales are expected to range between $125-130 billion, representing a year-over-year growth of 13-17%.

The top line beat market estimates sending the stock soaring over 12% in after-market hours on Thursday.

Prior performance

Amazon Q1 2022 Earnings Infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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