Amazon Wowed Investors with record Q4 earnings, Jeff Bezos Steps Down as the Company’s CEO

earnings analysis of Amazon

Source: Dreamstime

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The company skyrocketed past the coveted milestone of $100 billion, reaching earnings of $125.56 billion in Q4 2020 alone. The strong performance was mostly possible thanks to an excellent holiday shopping season, when Amazon had managed to deliver over a billion products to customers across the globe.

Here are the main financial highlights from Amazon’s Q4 2020 earnings release:

 

Total revenue: $125.56 billion vs. expectations for $119.7 billion 

Earnings per share: $14.09 vs. expectations for $7.23 

Workforce expansion: for the period, the company hired 175,000 new employees, which is more than triple the amount it had hired a year ago

COVID-19-related costs: up 67% compared to last year due to increased demand in the company’s products, which led to higher shipping expenses

Cloud computing unit: year-over-year revenue growth of 28% ($12.7 billion)

New CEO: in its earnings report, Amazon announced that current Web Services CEO Andy Jassy will succeed Jeff Bezos as its new CEO, with Bezos taking on the role of the company’s executive chairman.

Lower physical sales: physical store unit sales for the company fell 8% as more and more people started checking off their grocery lists online due to the pandemic

 

Fiscal guidance for Q1 2021

The company currently forecasts operating income of between $3 billion to $6.5 billion, provided it succeeds in bringing its COVID-19 related expenses down to $2 billion. Amazon also expects Q1 sales in the range of $100 billion – $106 billion (up 33% – 40% year over year).


Upcoming reports

See the full list of upcoming earnings reports for 8 – 12 February in the tables below.

Monday, 8th February 2021

Country of originCompany nameFiscal period
USAEnergizer Holdings Inc
Q1 2021
JapanMarui Group Co Ltd
Q3 2021
JapanSoftBank Group Corp
Q3 2021

Tuesday, 9th February 2021

Country of originCompany nameFiscal period
USAMattel Inc
Q4 2020
USAAkamai Technologies Inc
Q4 2020
USAYelp Inc
Q4 2020
USAEnphase Energy Inc
Q4 2020
USAFiserv Inc
Q4 2020
USATwitter Inc
Q4 2020
USALyft Inc
Q4 2020
USARCI Hospitality Holdings Inc
Q1 2021
USACisco Systems Inc
Q2 2021
USAO-I Glass Inc
Q4 2020
AustriaTelekom Austria AG
Full Year 2020
ItalyBanco Bpm SpA
Full Year 2020
USAExelon Corp
Q4 2020
USAHanesBrands Inc
Q4 2020
USAS&P Global Inc
Q4 2020
USADupont De Nemours Inc
Q4 2020
USAOmnicom Group Inc
Q4 2020
CanadaCanopy Growth Corp
Q3 2021
USAFox Corp
Q2 2021
USAMasco Corp
Q4 2020
ItalyFinecoBank Banca Fineco SpA
Q4 2020
JapanSumco Corp
Full Year 2020
GermanyOsram Licht AG
Q1 2021
FranceTotal SE
Full Year 2020
United KingdomMicro Focus International PLC
Full Year 2020
United KingdomOcado Group PLC
Full Year 2020
NorwayYara International ASA
Q4 2020
AustriaVoestalpine AG
Q3 2021
Kingdom of the NetherlandsRandstad NV
Q4 2020
JapanDeNA Co Ltd
Q3 2021
GermanyTUI AG
Q1 2021
GermanyCeconomy AG
Q1 2021
JapanHonda Motor Co Ltd
Q3 2021

Wednesday, 10th February 2021

Country of originCompany nameFiscal period
USAZynga Inc
Q4 2020
USAO'Reilly Automotive Inc
Q4 2020
USAiRobot Corp
Q4 2020
USAExelixis Inc
Q4 2020
USAMGM Resorts International
Q4 2020
USAUber Technologies Inc
Q4 2020
USAEquinix Inc
Q4 2020
USACerner Corp
Q4 2020
USACME Group Inc
Q4 2020
CanadaCameco Corp
Q4 2020
USABunge Ltd
Q4 2020
USAIQVIA Holdings Inc
Q4 2020
USACoca-Cola Co
Q4 2020
IsraelTeva Pharmaceutical Industries Ltd
Q4 2020
USAUnder Armour Inc
Q4 2020
GermanyMetro AG
Q1 2020
United KingdomAshmore Group PLC
Half Year 2021
JapanTokyo Electric Power Company Holdings Inc
Q3 2021
GermanyJenoptik AG
Preliminary report for 2020
FranceL'Air Liquide Societe Anonyme pour l'Etude et l'Exploitation des Procedes Georges Claude SA
Full Year 2020
FranceSociete Generale SA
Full Year 2020
GermanyHeidelberger Druckmaschinen AG
Q3 2021
BermudaLancashire Holdings Ltd
Q4 2020
NorwayDnb ASA
Q4 2020
NorwayStorebrand ASA
Q4 2020
Kingdom of the NetherlandsABN Amro Bank NV
Q4 2020
GermanyТhyssenkrupp AG
Q1 2021
NorwayEquinor ASA
Q4 2020
JapanToyota Motor Corp
Q3 2021

Thursday, 11th February 2021

Country of originCompany nameFiscal period
USACloudflare Inc
Q4 2020
USABio Rad Laboratories Inc
Q4 2020
USAIllumina Inc
Q4 2020
USADexCom Inc
Q4 2020
USAWalt Disney Co
Q1 2021
USAGoDaddy Inc
Q4 2020
USAExpedia Group Inc
Q4 2020
USARoku Inc
Q4 2020
USAAmerican International Group Inc
Q4 2020
USAPepsiCo Inc
Q4 2020
USAVerisign Inc
Q4 2020
USATyson Foods Inc
Q1 2021
USADuke Energy Corp
Q4 2020

Friday, 12th February 2021

Country of originCompany nameFiscal period
USAMoody's Corp
Q4 2020
CanadaEnbridge Inc
Q4 2020
USADominion Energy Inc
Q4 2020

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