SATCOM INTELSatellite & space-infrastructure intelligence, read through SESBrief 2026-08-29 · 15:14 UTC

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AMZN

Amazon.com, Inc. (Project Leo)

Hyperscaler entrantNASDAQ:AMZN

4layers occupied

VALUE-CHAIN POSITION

L1Components / subsystems
L2Spacecraft manufacturingcaptive
L3Launch / in-space transport
L4Constellation ownership / operationscaptive
L5Services, data & applicationsmerchant
GGround segment / terminalscaptive

Where this company sits on the value chain, and whether each layer is captive (done for itself) or merchant (sold to others). Dashed = entering. The migration these positions track: end-to-end convergence.

QUARTERLY FINANCIALS

Revenue and operating margin, last 12 quarters

$0M$57.67B$115.35B$173.02B$230.70B2022Q3: $127.10B revenue · 2.0% op margin2022Q32023Q1: $127.36B revenue · 3.7% op margin2023Q2: $134.38B revenue · 5.7% op margin2023Q22023Q3: $143.08B revenue · 7.8% op margin2024Q1: $143.31B revenue · 10.7% op margin2024Q12024Q2: $147.98B revenue · 9.9% op margin2024Q3: $158.88B revenue · 11.0% op margin2024Q32025Q1: $155.67B revenue · 11.8% op margin2025Q2: $167.70B revenue · 11.4% op margin2025Q22025Q3: $180.17B revenue · 9.7% op margin2026Q1: $181.52B revenue · 13.1% op margin2026Q12026Q2: $200.61B revenue · 13.7% op margin2022Q3: 2.0% operating margin2023Q1: 3.7% operating margin2023Q2: 5.7% operating margin2023Q3: 7.8% operating margin2024Q1: 10.7% operating margin2024Q2: 9.9% operating margin2024Q3: 11.0% operating margin2025Q1: 11.8% operating margin2025Q2: 11.4% operating margin2025Q3: 9.7% operating margin2026Q1: 13.1% operating margin2026Q2: 13.7% operating margin-10%0%30%
Revenue (left)Operating margin (right)+58% over the window

Structured from SEC XBRL company facts. Quarterly durations only; a Q4 reported only in the 10-K is omitted rather than shown as a partial year. data/companies/amazon/financials.jsonl

RECENT FILINGS

3117 filings total · data/companies/amazon/filings.jsonl

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