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Amazon hit a record 13.9% operating margin, but a $42.4 billion trailing free cash outflow drove shares down 7% in premarket trading.
Microsoft’s Azure grew 48% with a 47% operating margin, while Alphabet’s cloud surged 103%, though equity gains inflate its earnings.
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Fresh results from Amazon (NASDAQ:AMZN) show an operating margin of 13.9%, the highest in its history. Even so, the stock was down 6.72% in Friday premarket trading at $227.40.
The number investors keep coming back to is a trailing 12-month free cash outflow of $42.4 billion, driven by AI infrastructure spending. Amazon’s 24/7 Wall St. price target sits at $377.20. That means 54.72%…
