Amazon reported Q4 earnings on February 5th, and it was another strong quarter: $213.4B total revenue (above the guided range), with growth accelerating in both AWS and Advertising.
The core Stores business maintained ~10% YoY growth through 2025, with management largely sidestepping discussion on macro pressures like tariffs or inflation. Instead, AI was the clear throughline of the call – with management positioning it as essential across every part of the business, reinforcing Amazon’s unique position in the marketplace straddling tech and retail.
Download Harvest Group’s full earnings recap with unique takeaways for suppliers here: