Amazon released its Q1 2026 financial results today, sharing that the company made $181.5 billion in net sales in the first three months of the year, a 17% increase.
In the report ahead of today’s earnings call, the company shared some of the highlights from the period, including major AWS partnerships with companies like OpenAI, Anthropic, Meta, NVIDIA, Uber, U.S. Bank, Fox Corporation, Southwest Airlines, and more.
For Prime Video, the major win mentioned in the report was the debut of the NBA SoFi Play-In Tournament, which averaged nearly 2.8 million U.S. viewers on the platform for the six exclusive broadcasts, an 18% increase from last year when the tournament aired on cable.
The report also mentioned Amazon’s upcoming satellite internet service, Amazon Leo. During Q1, Amazon announced a “planned acquisition of Globalstar, which will enable Amazon Leo to add direct-to-device services to its network, and that Amazon Leo will power satellite services for Apple iPhone and Apple Watch.” The quarter also saw the tenth satellite launch for Leo, bringing the number of Amazon’s satellites to over 250, and bringing us one step closer to the launch of the service.
“We’re making customers’ lives easier and better every day across all our businesses, and their response is driving significant growth,” said Andy Jassy, President and CEO, Amazon in the report. “AWS is growing 28% (our fastest growth in 15 quarters) on a very large base, our chips business topped a $20 billion revenue run rate (growing triple digits year-over-year), Advertising grew to over $70 billion in TTM revenue, and unit growth in our Stores reached 15% (the highest since the tail end of covid lockdowns).
We also hit exciting milestones with delivery speed (more than 1 billion items same-day or overnight in 2026 and counting), Project Hail Mary (nearly $615 million at the box office to date and the second most successful non-sequel, non-franchise opening of recent memory), and Amazon Leo continues to resonate with prospective customers, with Delta Airlines the latest to sign on. We’re in the middle of some of the biggest inflections of our lifetime, we’re well positioned to lead, and I’m very optimistic about what’s ahead for our customers and Amazon.”