Amazon posted higher first-quarter profit and sales that beat analysts’ projections, underscoring the online behemoth’s hold on shoppers looking for low prices and a wide selection in an uncertain economy.

Amazon reports solid first quarter profit and sales growth, but outlook is tempered by tariff uncertainty.

Amazon reports Q1 2025 earnings on May 1. Investors are watching for signs of AI and cloud growth, the impact of new tariffs, and how retail and ad sales are holding up.

Amazon.com forecast second-quarter revenue largely above estimates on Thursday, in a reassuring sign the e-commerce giant would navigate tariff-related uncertainty, but growth in its closely watched cloud unit lagged.

Amazon on Thursday reported first-quarter cloud revenue growth and forecast operating income below estimates, disappointing investors.

Amazon reported a nine percent rise in first-quarter revenue on Thursday, but its outlook fell below expectations, sending its share price lower. But this was lower than what analysts had expected.