Amazon (AMZN) Q4 Results: AWS Surge and AI Investments Outpace Revenue Growth

Amazon (NASDAQ:AMZN) posted Q4 CY2025 revenue of $213.4B, up 13.6% YoY, and non-GAAP profit of $1.95 per share, slightly ahead of estimates. The quarter reflects acceleration in AWS, particularly AI and custom silicon, alongside gains in retail, grocery, and advertising, but was tempered by special charges and investments in supply chain transformation, AI infrastructure, and LEO satellite launches. Guidance for Q1 CY2026 is revenue of about $176B, near consensus. Management expects operating income to be volatile as the company prioritizes long-term growth over near-term margins. The stock closed at $204.82, down from $223.14 pre-earnings. Key watchpoints: AWS AI/Chip monetization, grocery and everyday essentials growth, and the impact of automation and regional fulfillment on margins.