Amazon guided for $159 billion to $164 billion in Q2 sales and $13 billion and $17.5 billion in Q2 operating income, compared to estimates of $161.2 billion in sales and $17.6 billion operating profit for Amazon’s current quarter.

Amazon exceeded Wall Street’s revenue and profit expectations for the first quarter — but delivered a new warning about the potential future impact of tariff and trade policies on its future financial guidance.

Amazon reported its first-quarter 2025 earnings Thursday, beating analysts’ estimates for the January-March quarter. Wall Street forecast earnings per share (EPS) of $1.37 on $155 billion in revenue,