Amazon will report second-quarter results after the market close Thursday.
Here's what analysts surveyed by LSEG are expecting:
Earnings per share: $1.33
$1.33 Revenue: $162.09 billion
Wall Street is also looking at other key revenue metrics:
Amazon Web Services: $30.8 billion, according to StreetAccount
$30.8 billion, according to StreetAccount Advertising: $14.99 billion, according to StreetAccount
The company spooked investors in May when it warned in its earnings report that "tariff and trade policies," as well as "recessionary fears," could weigh on second-quarter results.
Amazon CEO Andy Jassy said at the time that "none of us knows exactly where tariffs will settle or when." Jassy later said the company hasn't seen "any attenuation of demand at this point" due to tariffs and that Amazon has taken steps to keep prices steady on its site.
President Donald Trump's unpredictable tariff agenda primarily poses a threat to Amazon's sprawling e-commerce business, which accounts for the bulk of its sales. The core online stores unit is expected to post $58.98 billion in sales, according to StreetAccount. Wall Street is projecting seller services revenue to reach $38.7 billion during the quarter.
Several analysts said the tariff and geopolitical backdrop for Amazon has become more manageable in recent months, which is one of several reasons they're optimistic about the company's second-quarter report.
"Through the quarter, the US consumer backdrop has remained supportive as tariff concerns wane and consumers continue to spend," analysts at Deutsche Bank wrote in a July 22 research note. The firm has a buy rating on Amazon's stock.