Amazon trades at 20.5 times earnings for the twelve months to June 2026, and its net income of $62.6 billion in the quarter to June exceeded its $27.5 billion operating income, while its average P/E at the last 12 quarter ends was 41.2. A Trefis scenario assumes revenue grows slightly slower than the 15.8% of the past year and a margin near today's 12.1%, projecting the stock about 34.7% higher in three years if the P/E stays unchanged. Revenue grew 19.6% in the quarter to June, but management guided growth of 9% to 12% for the quarter to September, and AWS grew 19.7% in fiscal 2025. Tested one at a time, revenue growth slowing to 2.7% a year would leave the stock returning nothing over three years, while a margin falling to 8.3% or a P/E falling to 15.2 are other downside cases. The next report is expected on or around October 28, 2026.
Summary written by Upside AI from the original article. Read the source for full details.
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Related tickers and likely impact
AMZN
▲ Likely positiveAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/14/2026 | 254.08 |
| Change that session | -1.74% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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