AAPL vs AMZN: AI Stock Comparison

Apple Inc. vs Amazon.com, Inc.: AI exposure, key metrics, next earnings dates, upcoming catalysts and risks — every number linked to its source.

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$AMZN scores higher on AI exposure (3/5 vs 2/5) under our published rubric. The score measures how directly each business is tied to AI, not which stock to buy.
⏱ Next catalyst: Not enough tracked catalysts to compare.
$AAPL
Apple Inc.
iPhone maker adding Apple Intelligence features.
$AMZN 🏆
Amazon.com, Inc.
E-commerce giant whose AWS cloud sells AI compute.
AI exposure score⚡⚡⚡⚡⚡ 2/5⚡⚡⚡⚡⚡ 3/5
Shares outstanding14.53B
as of 2026-10-23 · 10-K cover page · SEC filing
10.81B
as of 2026-10-21 · 10-Q cover page · SEC filing
CategoryHyperscalers & platformsHyperscalers & platforms
Key metrics
Revenue (latest fiscal year) $478.83B
10-K period ended 2026-09-26; +15% y/y · SEC filing
Gross margin 48.8%
Gross profit / revenue, same fiscal year · SEC filing
Operating income $158.06B
Same fiscal year; 33% operating margin · SEC filing
Revenue (latest quarter) $201.94B
10-Q period ended 2026-09-30; +12% y/y · SEC filing
Operating income $28.08B
Same quarter; 14% operating margin · SEC filing
Net income $20.68B
Same quarter · SEC filing
Next earningsNot yet announced / not on our calendarNot yet announced / not on our calendar
Next catalystNot yet announced / not on our calendar
Nov 30, 2026 – Dec 4, 2026
AWS re:Invent 2026 (Las Vegas) · source
Upcoming catalystsNone tracked
Nov 30, 2026 – Dec 4, 2026
AWS re:Invent 2026 (Las Vegas) · source
Most recent reported
Nov 2, 2026
Apple Inc. reports quarterly results · source
Apple Intelligence rollout and on-device AI commentary. Revenue (fiscal year): $478.83B (+15% y/y), per 10-K.
Oct 29, 2026
Amazon.com, Inc. reports quarterly results · source
AWS growth, Trainium and capex guidance. Revenue: $201.94B (+12% y/y), per 10-Q.
Key risks
  • “Issues related to artificial intelligence may result in reputational, competitive and financial harm to the Company, regulatory action, legal liability, and other adverse effects to the…” — 10-K risk factor (filed 2026-11-03) · source
  • “Global markets for the Company’s products and services are highly competitive and subject to rapid technological change, and the Company may be unable to compete effectively in these…” — 10-K risk factor (filed 2026-11-03) · source
  • “We Face Risks Related to Successfully Optimizing and Operating Our Fulfillment Network and Data Centers” — 10-K risk factor (filed 2026-02-06) · source
  • “Government Regulation Is Evolving and Unfavorable Changes Could Harm Our Business” — 10-K risk factor (filed 2026-02-06) · source
AI angle

Apple's AI angle is on-device and private-cloud AI features that may drive device upgrades; AI is not yet a separately reported revenue line.

AWS rents GPUs and its own Trainium chips and offers Bedrock model hosting; retail and ads are larger by revenue, so AI is concentrated in the AWS segment.

Full analysis: $AAPL →Full analysis: $AMZN →

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