- Procter & Gamble Drops 9% in 3 Months: Buy the Dip or Sell the Stock?
May 11, 2026
The Procter & Gamble Company PG has witnessed a decline over the past three months, with its shares falling 9.2%. The stock underperformed the S&P 500 index, which gained 9.4% during the same period, but performed better than the Consumer Staples sector, which declined 11.6%. Meanwhile, the broader Consumer Products – Staples industry fell 6.7%.
Procter & Gamble’s recent stock weakness reflects investor concerns over moderating sales growth, persistent cost pressures and a cautious near-term earnings outlook. Although the company delivered better-than-expected third-quarter fiscal 2026 earnings, revenue growth remained modest, and management indicated that full-year earnings are likely to land toward the lower end of its guidance range.
PG's 3-Month Price PerformanceZacks Investment Research
Image Source: Zacks Investment Research
PG’s performance is notably weaker than that of its competitors, BJ's Wholesale Club BJ, Colgate-Palmolive Company CL and Church & Dwight Co., Inc. CHD, which declined 7.5%, 8.9% and 6.5%, respectively, in the past three months.Zacks Investment Research
Image Source: Zacks Investment Research
Closing at $146.42, PG stock stands almost 14.4% below its 52-week high of $170.99 attained on May 30, 2026. The company is trading below its 50 and 200-day simple moving averages of $146.8 and $148.4, respectively, signaling bearish sentiment in maintaining the recent performance levels.
PG Trades Below 50 & 200-Day Moving AveragesZacks Investment Research
Image Source: Zacks Investment Research
What’s Behind PG’s Dismal Stock Run?
PG has faced a dismal stock run due to a combination of macroeconomic pressures, rising costs and investor concerns about future profitability. Although the company delivered solid third-quarter fiscal 2026 results with organic sales growth above 3% and broad-based category expansion, investors remain worried about mounting inflationary pressures and geopolitical disruptions. The conflict in the Middle East has sharply increased commodity-linked input costs, logistics expenses and supply chain disruptions, creating an estimated $1 billion after-tax headwind for the 2026.
Another major factor behind the weak stock performance is uncertainty regarding earnings growth and margins. Management acknowledged that while innovation-led growth remains strong, the company may not fully offset inflation through productivity improvements alone. PG expects earnings to land near the lower end of its guidance range of $6.83-$7.09 for fiscal 2026 as rising oil prices, transportation expenses and sourcing inefficiencies pressure margins. Investors are also cautious because the company continues to increase investments in marketing, innovation and consumer promotions despite the challenging cost environment, which could weigh on short-term profitability.
Consumer spending trends have also contributed to investor pessimism. Persistent inflation across food, healthcare and energy has weakened consumer purchasing power globally, especially in value-sensitive categories. Although PG emphasized that innovation and premium products like SK-II and Tide are driving growth, there are concerns that consumers may increasingly trade down to cheaper alternatives if inflation remains elevated. Competitive intensity in retail channels and the gradual return of promotional activity to pre-COVID levels have further added pressure on the company’s pricing power and market share outlook.
Finally, the market remains uncertain about PG’s ability to sustain long-term growth amid restructuring efforts and global volatility. Management itself admitted that fiscal 2027 visibility remains limited due to unpredictable macroeconomic conditions and geopolitical risks. As a result, despite strong brands and stable demand fundamentals, concerns over inflation, margins and execution risks have weighed heavily on PG’s recent stock performance.
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PG Not Devoid of Tailwinds
Despite near-term pressures, PG is not devoid of tailwinds, as the company continues to demonstrate strong brand resilience and broad-based organic growth. In the latest quarter, all 10 product categories posted organic sales growth, while regions such as North America, Latin America and Greater China delivered solid performances. Premium brands like SK-II, Tide and Pampers continue to gain traction due to superior product innovation and strong consumer loyalty. Management also highlighted improving market share trends across several key categories, indicating that the company’s innovation-led strategy is beginning to gain momentum.
Another important tailwind is PG’s aggressive focus on productivity, automation and supply-chain modernization. The company’s “Supply Chain 3.0” initiative, which includes automation, AI-enabled analytics, digital manufacturing and warehouse operations, is helping improve operational efficiency and supply resilience. Management noted that these initiatives are enabling faster reformulation, diversified sourcing and improved inventory management during periods of geopolitical disruption. Over time, these technology-driven efficiencies could help offset inflationary pressures and support margin recovery.
PG’s Estimate Revision Trend
The Zacks Consensus Estimate for PG’s fiscal 2026 and 2027 earnings per share has inched down 6 cents and 19 cents to $6.91 and $7.09, respectively, over the past 30 days.Zacks Investment Research
Image Source: Zacks Investment Research
PG’s Premium Valuation
Despite the considerable decline in its share price, Procter & Gamble still trades at a significant premium to industry peers with a forward 12-month price-to-earnings (P/E) multiple of 20.73X. The current valuation is below its five-year high of 26.67X but ahead of the broader industry’s multiple of 17.87X.
At a forward 12-month P/E of 20.73X, Procter & Gamble is trading at a higher valuation than BJ's Wholesale Club, which has a multiple of 20.12X. However, PG is trading below peers such as Colgate-Palmolive and Church & Dwight, which have forward 12-month P/E ratios of 22.40X and 24.27X, respectively.Zacks Investment Research
Image Source: Zacks Investment Research
How to Play PG Stock Now?
PG is facing mounting near-term pressures from rising commodity and logistics costs, geopolitical uncertainty, slowing consumer demand and persistent margin headwinds. Earnings estimate cuts and management’s cautious outlook have also weakened investor confidence, while the stock still trades at a premium valuation compared with the broader industry. Although PG continues to benefit from strong brands, innovation and productivity initiatives, these positives may take time to materially improve financial performance. Given the uncertain earnings outlook and limited upside potential in the near term, this Zacks Rank #4 (Sell) stock appears less favorable at current levels.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Procter & Gamble Company (The) (PG) : Free Stock Analysis Report
Colgate-Palmolive Company (CL) : Free Stock Analysis Report
BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report
Church & Dwight Co., Inc. (CHD) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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- Investors Heavily Search Procter & Gamble Company (The) (PG): Here is What You Need to Know
May 11, 2026
Procter & Gamble (PG) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this world's largest consumer products maker have returned +0.9% over the past month versus the Zacks S&P 500 composite's +9.1% change. The Zacks Consumer Products - Staples industry, to which P&G belongs, has gained 0.6% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, P&G is expected to post earnings of $1.45 per share, indicating a change of -2% from the year-ago quarter. The Zacks Consensus Estimate has changed -4.8% over the last 30 days.
The consensus earnings estimate of $6.91 for the current fiscal year indicates a year-over-year change of +1.2%. This estimate has changed -0.8% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $7.09 indicates a change of +2.6% from what P&G is expected to report a year ago. Over the past month, the estimate has changed -2.6%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, P&G is rated Zacks Rank #4 (Sell).
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The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS12-month consensus EPS estimate for PG
Projected Revenue Growth
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of P&G, the consensus sales estimate of $21.37 billion for the current quarter points to a year-over-year change of +2.3%. The $87.06 billion and $89.39 billion estimates for the current and next fiscal years indicate changes of +3.3% and +2.7%, respectively.
Last Reported Results and Surprise History
P&G reported revenues of $21.24 billion in the last reported quarter, representing a year-over-year change of +7.4%. EPS of $1.59 for the same period compares with $1.54 a year ago.
Compared to the Zacks Consensus Estimate of $20.51 billion, the reported revenues represent a surprise of +3.52%. The EPS surprise was +1.92%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
P&G is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about P&G. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
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Procter & Gamble Company (The) (PG) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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- Native Launches Target-Exclusive Surf Club Body Care Collection Inspired by Coastal Escapes
May 11, 2026
Native Surf Club Collection
The Target-exclusive, limited-edition body care collection from Native brings beach-inspired scents and refreshing formulas to elevate everyday routines.
SAN FRANCISCO, May 11, 2026--(BUSINESS WIRE)--Native, the personal care brand known for their clean, simple, and effective formulas, announces the Surf Club Collection, a limited-edition lineup inspired by sun-soaked days and coastal escapes. Designed to bring a sense of summer to your daily routine, the collection features fresh, transportive scents paired with Native’s signature gentle and effective formulas.
The Surf Club Collection captures the feeling of long days by the ocean, blending breezy, tropical, and sun-warmed notes across a range of body care essentials. Each product is thoughtfully formulated to cleanse and refresh while delivering the quality and performance Native is known for.
With vibrant scents and effortless usability, the Surf Club Collection expands Native’s body care portfolio and reinforces its commitment to creating products that make everyday routines feel elevated and enjoyable.
Available Scents:
Golden Sunset: Pink pepper and pineapple melt into warm cedar, lavender and santal. Tropic Tides: Juniper and sea salt breeze over florals and warm woods. Categories Include:
Aluminum-Free Deodorant (72-hour odor protection) Deodorant Spray Sulfate-Free Body Wash (24-hour refreshing cleanse) Silicone-Free & Sulfate-Free Shampoo and Conditioner Key Benefits Include:
Thoughtfully made with limited ingredients Aluminum free, baking soda free, paraben-free, talc free, and dye-free Made with plant-based and naturally-derived ingredients and made without parabens, phthalates, sulfated surfactants, or dyes Vegan and cruelty-free Made with citric acid for pH balance to keep your skin ultra happy Dermatologist-tested Hero Formula Features:
Aluminum-free deodorant formulas Sulfate-free body wash Silicone-free hair care Minimal ingredient philosophy Thoughtfully selected ingredients designed for everyday use
Consumers are increasingly seeking body care that goes beyond basic function, looking for products that deliver both performance and a more immersive, sensory experience. Native developed the Surf Club Collection to meet this demand, combining transportive, beach-inspired scents with simple, effective formulas that bring a sense of escape into everyday routines.
"Body care has become a space for self-expression and escape," said Christopher Talbott, Chief Executive Officer at Native. "With the Surf Club Collection, we wanted to capture that carefree, coastal energy and bring it into everyday routines. It’s about creating small moments that feel like you’re on the water, no matter where you are—now available conveniently at Target."
Story Continues
The Native Surf Club Collection is available now at:
Nativecos.com Target stores nationwide and Target.com Retail prices vary by category but span from $3-$14
About Native
Founded in 2015, Native reimagines personal care with simple, clean, and effective products made for everyday life. Crafted from naturally derived ingredients and free from aluminum, parabens, sulfates, and phthalates, Native delivers high performance without compromise. The brand’s full-body portfolio, including deodorant, body wash, body scrubs, mineral sunscreen, hair care, and skin care, is available at nativecos.com and major retailers nationwide. Known for fan-favorite scents, playful limited editions, and a commitment to thoughtful innovation, Native continues to make personal care easy, safe, and enjoyable. Follow @native on TikTok, Instagram, and Facebook.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260511545616/en/
Contacts
Media Contact
Autumn Communications, native@autumncommunications.com
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- Stock Market Today: Dow Futures Fall, Oil Jumps; Intel, Lumentum, Moderna, Circle Internet All Rise (Live Coverage)
May 11, 2026
Stock Market Today: Futures were down while oil prices rose on Iran tensions. Intel, Lumentum, Moderna, Circle Internet are winners..
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- Native Boba Cafe Launch Tests P&G’s Cultural Play In Personal Care
May 10, 2026
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Native, a Procter & Gamble brand, has launched a limited-edition Boba Cafe Collection in partnership with Walmart. The line features multicultural inspired, boba tea themed scents across body, hair, and hand care products. The collection focuses on clean formulas and ingredient transparency, with nationwide distribution through Walmart.
For investors tracking Procter & Gamble (NYSE:PG), this launch sits against a share price of $146.06 and mixed recent performance, including a 3.4% return over the past 30 days and a 20.4% return over 5 years, alongside a 5.3% decline over 1 year. The move into a playful, cafe themed collection with a multicultural angle reflects how P&G is using its scale to test new product territory and deepen brand engagement in personal care.
Readers may want to watch how consumers respond to this limited run, particularly across repeat purchases and social media engagement. The breadth of the collection and Walmart partnership could provide signals on demand for more personalized, globally inspired products in P&G's portfolio.
Stay updated on the most important news stories for Procter & Gamble by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Procter & Gamble.NYSE:PG Earnings & Revenue Growth as at May 2026
📰 Beyond the headline: 2 risks and 4 things going right for Procter & Gamble that every investor should see.
Native’s Boba Cafe Collection points to how Procter & Gamble is trying to tap into younger, trend aware consumers within the clean personal care category. By centering the range on boba tea culture and dessert inspired scents, P&G is using Native to test more personalized, culturally specific fragrances across deodorant, body wash, lotion, hand soap, and hair care. The products sit squarely in P&G’s core segments, but the concept is tailored to experiential, “treat yourself” routines rather than purely functional benefits. Distribution through Walmart stores nationwide and Walmart.com gives the collection broad reach and a clear read on mainstream appetite for this type of multicultural, limited edition concept.
How This Fits Into The Procter & Gamble Narrative
The launch supports the narrative that P&G is leaning on product development and fresh formats to attract more consumers and potentially increase category penetration over time. Limited edition, scent led launches can test the balance between premium, indulgent offerings and cost pressures that analysts highlight as a risk for margins. The cultural and personalization angle in Native’s lineup is not fully captured in broad growth assumptions and could influence how investors think about the depth of demand in beauty and personal care.
Story Continues
Knowing what a company is worth starts with understanding its story. Check out one of the top narratives in the Simply Wall St Community for Procter & Gamble to help decide what it's worth to you.
The Risks and Rewards Investors Should Consider
⚠️ Analysts have flagged P&G’s higher debt levels as a risk, so heavier investment in brand experimentation is worth watching alongside balance sheet trends. ⚠️ Significant insider selling over the past 3 months may make some investors more cautious about reading too much into short run product wins. 🎁 Earnings are forecast to grow 3.84% per year, and concept launches like Boba Cafe can help support that by keeping key categories such as deodorant and body wash relevant to younger shoppers. 🎁 P&G is described as trading at a discount to one fair value estimate, and a steady stream of new products across brands like Native, Pantene and Zevo could help underpin the case that its brands remain competitive with peers such as Unilever and Colgate Palmolive.
What To Watch Going Forward
From here, investors may want to track how quickly Native’s Boba Cafe Collection sells through at Walmart, whether any scents move into the permanent range, and how often P&G repeats similar culturally themed, limited edition launches across other brands. Comparing shelf space, marketing support, and consumer feedback against large competitors in personal care can help show whether this type of product pipeline is resonating strongly enough to matter at P&G’s scale.
To ensure you're always in the loop on how the latest news impacts the investment narrative for Procter & Gamble, head to the community page for Procter & Gamble to never miss an update on the top community narratives.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include PG.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Billionaire Mark Cuban Says Buying 2 Years Of Toothpaste At 50% Off Beats Regular Investments — 'It's So Hard To Make A Return'
May 10, 2026
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Toothpaste usually does not get mentioned in the same sentence as investment strategy unless somebody is trying to survive a warehouse-store checkout line. But billionaire Mark Cubanonce argued that grabbing everyday essentials at steep discounts can deliver better returns than many traditional investments.
"It's so hard to make a return on regular investments that you're better off, when you see a sale," Cuban said in a Vanity Fair video segment from 2017. "You're better off buying two years worth of toothpaste when it's on 50% discount. That's an immediate return on your money."
The Cost Plus Drugs co-founder mixed old-school budgeting habits with investing advice during the segment, urging consumers to think differently about savings, spending and everyday purchases.
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"When they're on a huge sale on Amazon, buy them, because chances are, their prices are gonna go up, but that's a real savings that you get to put in your pocket," Cuban said.
The Bathroom Cabinet Inflation Effect
Cuban's toothpaste strategy sounds less ridiculous once inflation enters the conversation. While the sharpest price spikes from 2022 and 2023 have cooled, personal-care products have continued climbing steadily.
According to the U.S. Bureau of Labor Statistics, products in the "hair, dental, shaving, and miscellaneous personal care products" category rose 3.2% during the 12 months that ended March. Over roughly the past two years, cumulative increases in the category have generally landed between 4% and 7%.
That broader category includes products like toothpaste, toothbrushes and shaving cream. In some cities during 2023, toothpaste prices reportedly jumped from $2.71 per tube to $3.92 year over year.
Meanwhile, companies including Procter & Gamble (NYSE:PG) and Colgate-Palmolive (NYSE:CL) warned investors about tariff-related cost pressures and higher manufacturing expenses during 2025.
Consumers may not celebrate toothpaste inflation the way Wall Street reacts to stock gains, but household budgets definitely notice it.
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Living Like A Student Never Really Went Out Of Style
Cuban's comments about toothpaste were part of a broader philosophy centered on avoiding lifestyle creep and building financial flexibility.
Story Continues
"The first thing you need to do is live like a student," he told Vanity Fair.
He also warned against relying heavily on credit cards and stressed the importance of building emergency savings before chasing larger investment returns.
"You're gonna need at least six months income," Cuban said.
After establishing emergency savings, Cuban said he would place money into "the cheapest" S&P 500 mutual fund he could find. He also discussed speculative investing, saying people willing to "throw the hail Mary" could put 10% into Bitcoin or Ethereum while mentally preparing to lose the money entirely.
The larger point was not really about toothpaste. It was about creating guaranteed savings wherever possible before taking bigger financial swings elsewhere.
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Bulk Buying Meets Long-Term Strategy
Financial advisors often make a similar argument when discussing everyday spending habits with clients. Small recurring expenses can quietly erode wealth over time, especially when prices continue creeping upward year after year.
Working with a financial advisor can help households balance practical savings strategies with longer-term investment goals, whether that means paying down debt, building emergency savings or investing consistently alongside smarter day-to-day spending habits.
A 50% discount on something a household already plans to buy delivers an immediate and predictable return. The stock market, meanwhile, tends to make no such promises.
Which may explain why Cuban's toothpaste strategy from 2017 still sounds surprisingly fresh nearly a decade later.
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This article Billionaire Mark Cuban Says Buying 2 Years Of Toothpaste At 50% Off Beats Regular Investments — 'It's So Hard To Make A Return' originally appeared on Benzinga.com
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- Jim Cramer Shares Key Insight About Procter & Gamble (PG) And Amazon
May 8, 2026
We recently published Jim Cramer Said Sandisk Stock Performance is Befuddling & Discussed These 17 Stocks. The Procter & Gamble Company (NYSE:PG) is one of the stocks discussed by Jim Cramer.
The Procter & Gamble Company (NYSE:PG)’s shares are down by 7% over the past year and are up by 4% year-to-date. UBS raised the share price target to $172 from $166 and kept a Buy rating on the shares. The bank remarked that The Procter & Gamble Company (NYSE:PG) was experiencing strong top line growth despite worries about the firm’s bottom-line performance. In his recent remarks about the company, Cramer also discussed growth and cited satisfaction with the metric. In this appearance, Cramer used The Procter & Gamble Company (NYSE:PG)’s strengths in supply chain management to remark that Amazon’s supply chain services program might be worth it:
“I saw the Procter and Gamble switch. Procter and Gamble may be, the consumer product companies, may be the single best supply chain company there is. . .they switched to Amazon already. I mean, P&G is incredible at supply chain. And teaming up with Amazon, I don’t know.”Jim Cramer Shares Key Insight About Procter & Gamble (PG) And Amazon
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Here are his earlier comments about The Procter & Gamble Company (NYSE:PG):
“Well I think the organic growth [inaudible] back to the old Procter than I came to expect. I think that beauty’s okay, grooming not so good, fabric and home very good, baby feminine very good. I think that this is a return to the days where you and I would say, wow, how do they do it, and they source better than everybody else, you know they have a bad tariff situation, headwind tariff, headwind commodity. Tailwind dollar, but Europe was very good and China even showed some good numbers. This may be the old Proctor, David. “Proctor was the best of that group, and Colgate was the second. Maybe Proctor can return to that. It had been a laggard. This is very important, David. Proctor is a 300 billion dollar company. We talk about tech companies that are so much bigger than this. I don’t even know what to say. Are these all asterisks?”
While we acknowledge the potential of PG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
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- Amazon Opens Logistics Network To Clients What It Means For Investors
May 7, 2026
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Amazon.com (NasdaqGS:AMZN) has launched Amazon Supply Chain Services, opening its logistics, fulfillment, and delivery network to external businesses across sectors such as healthcare, automotive, manufacturing, and retail. The new offering targets large enterprises and brands, with early users including Procter & Gamble, 3M, Lands’ End, and American Eagle Outfitters. This move positions Amazon as a direct competitor to global logistics providers by offering its freight, warehousing, and parcel delivery capabilities as standalone services.
For investors tracking Amazon.com at a share price of $274.99, this logistics push comes on the back of strong recent stock performance. The share price is up 3.7% over the past week, 28.6% over the past month, 21.4% year to date, 43.2% over the past year, 145.1% over three years, and 74.0% over five years. The company starts this new chapter with an established track record in building large scale platforms and a value score of 3.
Opening Amazon’s logistics network to external customers introduces a fresh business line that sits alongside its core retail and AWS operations. For readers, the key questions now center on how quickly external volumes build, how this affects overall network efficiency, and what it means for competitors in parcel delivery and freight. The rest of this article looks at those implications and how this new unit could fit into the broader investment case for NasdaqGS:AMZN.
Stay updated on the most important news stories for Amazon.com by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Amazon.com.NasdaqGS:AMZN Earnings & Revenue Growth as at May 2026
📰 Beyond the headline: 1 risk and 3 things going right for Amazon.com that every investor should see.
Opening Amazon Supply Chain Services to external clients effectively turns Amazon’s internal logistics network into a separate service line that sits alongside retail, advertising, and AWS. For you as an investor, the key point is that freight, warehousing, and parcel delivery assets that already support Amazon orders can now be used by companies such as Procter & Gamble, 3M, Lands’ End, and American Eagle Outfitters. That potentially supports better asset utilization and a broader fee base, while putting Amazon into more direct competition with UPS, FedEx, and DHL across business-to-business shipping. The move also fits with Amazon’s push into temperature controlled last mile delivery for fresh groceries through Amazon Business, underlining how the same network can serve both consumers and corporate customers.
Story Continues
How This Fits Into The Amazon.com Narrative
The launch of Amazon Supply Chain Services supports the narrative that logistics automation and network optimization can improve margins, because filling spare capacity with third-party freight and fulfillment work can spread fixed costs over more units. Offering end-to-end logistics to large enterprises increases execution risk, which ties into existing concerns in the narrative around capital intensity and the need for AWS, logistics, and other investments to translate into consistent, high quality earnings. The narrative focuses heavily on AWS and AI driven growth, while a broader third-party logistics business and services like same-day fresh grocery delivery for business customers may not yet be fully reflected in how investors think about the mix of future revenue and earnings.
Knowing what a company is worth starts with understanding its story. Check out one of the top narratives in the Simply Wall St Community for Amazon.com to help decide what it's worth to you.
The Risks and Rewards Investors Should Consider
⚠️ Competing directly with UPS, FedEx, DHL and other logistics providers exposes Amazon to new service level, pricing, and customer concentration risks if large contracts do not perform as expected. ⚠️ Scaling external logistics offerings adds operational complexity on top of a US$200b capex plan and analysts have already flagged a key risk around high levels of non cash earnings, so investors may want to watch how clearly profitability from supply chain services is reported. 🎁 If Amazon succeeds in selling excess freight, warehousing, and parcel capacity, utilization of its 80,000 plus trailers, 24,000 plus containers, and more than 100 aircraft could support margins in both retail and logistics services. 🎁 A larger third-party logistics and business-grocery delivery footprint can diversify revenue beyond e-commerce and cloud, which some investors view as helpful for resilience across different industry cycles.
What To Watch Going Forward
From here, focus on how Amazon talks about Amazon Supply Chain Services and business grocery delivery in future earnings reports, including any disclosure of revenue or margin contribution, and whether more large enterprises join Procter & Gamble, 3M, Lands’ End, and American Eagle as clients. It is also worth tracking commentary from UPS, FedEx, DHL and other logistics players about pricing and contract trends, as that external view can help you judge how competitive Amazon’s offering is and whether it is gaining meaningful share in freight, fulfillment, and parcel delivery.
To ensure you're always in the loop on how the latest news impacts the investment narrative for Amazon.com, head to the community page for Amazon.com to never miss an update on the top community narratives.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AMZN.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- PureCycle Technologies Reports First Quarter 2026 Results
May 6, 2026
PureCycle Technologies
Ironton turnaround completed ahead of schedule and under budget Record 8.4 million pounds of quarterly production Fifth consecutive quarter of sequential revenue growth Achieved final approval for commercialization of two Procter & Gamble (P&G) applications Macro environment is increasingly favorable as virgin resin prices rise significantly more than recycled feedstock costs
ORLANDO, Fla., May 06, 2026 (GLOBE NEWSWIRE) -- PureCycle Technologies, Inc. (Nasdaq: PCT) (“PureCycle” or the “Company”), a U.S.-based company revolutionizing plastic recycling, today announced results for the first quarter ending March 31, 2026.
First Quarter 2026 Highlights
Operations
Record quarter for production, surpassing the prior quarterly high; approximately 10 million pounds of feedstock throughput, also a new quarterly record On-site compounding mechanically complete in April; focused on producing PureFive Choice™ resin for polypropylene (“PP”) film and thermoform applications Ironton Facility turnaround completed ahead of schedule and tracking below budget; incorporated improvement projects targeting higher reliability, production rates, and product quality; product inventory built ahead of the outage to maintain customer shipments
Commercial
Fifth consecutive quarter of sequential revenue growth, with continued progress in the application pipeline and branded conversions across multiple product categories Reaffirming 40-50MM lbs. of demand beginning to ramp in Q2/Q3; 20-25MM lbs. of demand beginning to ramp in Q3/Q4 PureFive® resin passed qualification for first P&G application and slated for first pellet delivery in Q2; PureFive® resin passed qualification for second application and expected to ship in 2H 2026; Joint product quality study with P&G showed PureCycle process leads to highest CosPaTox purity rating New Jersey recycled content application is in review with NJ Department of Environmental Protection (NJDEP); continue to progress positive discussions with all levels of NJDEP and NJ government
Macro Environment
Global petrochemical supply disruption has increased both virgin resin and recycled feedstock costs; however, virgin PP prices have risen more than PureCycle’s feedstock costs, creating a more favorable environment for the pricing and marketability of recycled content Rising virgin resin prices are also expected to improve co-product pricing dynamics
Growth
Thailand Facility currently on track for mechanical completion by end of 2027; expect to break ground in the second half of 2026; total investment currently expected to be approximately $250 million Belgium Facility permits expected near year-end 2026; construction expected to begin in Q1 2027; mechanical completion by the end of 2028 Finalized documentation for the €40 million grant from the European Innovation Fund for the Belgium Facility construction Gen-2 design work continues to progress with initial capacity and cost estimates remaining encouraging
Story Continues
Finance
Operations spending within $8–9 million monthly expectations; Q1 Company total of $27.4 million includes $1.3 million annual incentive compensation payout Public and private warrants expiration date extended to March 17, 2027 with redemption trigger price reduced to $14.38 per share, consistent with the Series A warrants Potential warrant proceeds totaling approximately $273 million; all warrants now share the same March 17, 2027 expiration date
Management Commentary
“Our commercial ramp remains on track for 2026. We achieved our internal sales plan in Q1, our fifth consecutive quarter of sequential revenue growth, and we’re seeing tangible momentum as our commercial pipeline converts into contracted demand,” said Dustin Olson, Chief Executive Officer of PureCycle Technologies. “Against a backdrop of improving macro tailwinds, we believe we’re entering a phase where execution and scale should increasingly differentiate our platform.”
Olson continued, “The current global petrochemical supply disruption is reinforcing the relative strength of our model. Virgin polypropylene prices have risen significantly more than our feedstock costs, which have seen only modest movement. This is narrowing the cost premium of recycled content versus virgin and accelerating customer urgency around securing supply.”
“This quarter we introduced a set of metrics that enable investors to more clearly evaluate our business and track our progress over time, said Donald Carpenter,” Chief Financial Officer of PureCycle Technologies. “This disclosure represents an important first step, and we intend to continuously refine and evaluate it as our financial performance evolves and matures.”
Financial Update
Financial Results
Net loss for Q1 2026 was $(33.4) million compared to net income of $8.8 million in Q1 2025. Adjusted EBITDA for Q1 2026 was $(30.9) million, compared to $(25.5) million in Q1 2025 primarily related to higher production-related costs due to the continued ramp-up in production that has occurred during 2026. Adjusted EBITDA is EBITDA adjusted for items affecting comparability. See the reconciliation of GAAP Net Income (Loss) to Adjusted EBITDA that is provided at the end of this press release.
Cash and Liquidity
PureCycle ended Q1 with total liquidity of $131 million, which includes approximately $90 million in cash and cash equivalents, approximately $31 million of excess cash invested in marketable securities, and approximately $10 million in restricted cash, compared to total liquidity of approximately $182 million at the end of Q4 2025.
Operations spending of approximately $8.8 million per month in Q1 was within the $8–9 million per month expectations. There have been no changes made to the ongoing expectations. Q2 will include the Ironton Facility turnaround, which is tracking below budget, and such costs will remain separate from the operations spending rate.
Project Spend
First quarter project spend totaled approximately $14 million, below the $19–20 million quarterly expectations primarily due to timing. Fiscal year 2026 project spend expectations of $39–45 million are unchanged and the majority remains discretionary. Professional services spending on project development activities ran below quarterly expectations, primarily due to timing of engineering milestones, which we expect to partially catch up through the remainder of the year.
Capital Structure
The Company’s $200 million revolving credit facility remains undrawn and available through September 2027.
On April 16, 2026, the Company received consent from certain of its warrant holders to extend the public and private warrants to March 17, 2027 and reduce the redemption trigger price to $14.38 per share, consistent with the Series A warrants. Total potential warrant proceeds of approximately $273 million are now available through March 2027.
Equipment financing payments will step down during the second half of 2026, as existing lease agreements reach their scheduled maturities, reducing monthly capital costs.
The Company has approximately $75 million in revenue bonds available to monetize as market conditions allow.
The Company believes its available capital resources — including approximately $273 million in potential warrant proceeds, $75 million in available revenue bonds, the undrawn $200 million credit facility, and ongoing project financing efforts — provide multiple paths to address its capital needs.
Carpenter continued, “We are actively progressing our Thailand project financing and are encouraged by the alignment we are seeing as we work on finalizing the terms and conditions. We will provide updates as appropriate."
First Quarter 2026 Conference Call Details
Date: May 6, 2026
Time: 5:00 p.m. ET
Participant Link: PureCycle Technologies First Quarter 2026 Corporate Update
For participants interested in a listen-only webcast, please access the conference call using the above link. For a calendar reminder, please click HERE.
The conference call will have a live Q&A session. For analyst participants who would like to ask management a question after prepared remarks, please click HERE. You will receive a number and a unique access pin.
Following prepared remarks, management will try to answer investor questions submitted in advance. To submit a question, please send an e-mail to investorquestion@purecycle.com.
The corporate update will be available for replay by clicking HERE or through the Company’s website at www.purecycle.com. A replay of the conference call will be available after 8:00 p.m. Eastern Time until July 6, 2026.
PureCycle Contact
Christian Bruey
cbruey@purecycle.com
Investor Relations Contact
Eric DeNatale
edenatale@purecycle.com
About PureCycle Technologies
PureCycle Technologies LLC., a subsidiary of PureCycle Technologies, Inc., holds a global license for the only patented dissolution recycling technology, developed by The Procter & Gamble Company (P&G), that is designed to transform polypropylene plastic waste (designated as #5 plastic) into a continuously renewable resource. The unique purification process removes color, odor, and other impurities from #5 plastic waste resulting in our PureFive® resin that can be recycled and reused multiple times, changing our relationship with plastic. www.purecycle.com
Forward Looking Statements
This press release contains forward-looking statements, including statements about the continued execution of PureCycle’s business plan, PureCycle expected financial expenditures, future cash needs and availability of liquidity and the expected timing of significant construction milestones for PureCycle’s planned future facilities. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements generally relate to future events or PureCycle’s future financial or operating performance and may refer to projections and forecasts. Forward-looking statements are often identified by future or conditional words such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions (or the negative versions of such words or expressions), but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current expectations of PureCycle’s management and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of this press release. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in the section entitled “Risk Factors” in each of PureCycle’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and PureCycle’s Quarterly Reports on Form 10-Q for various quarterly periods, those discussed and identified in other public filings made with the Securities and Exchange Commission by PureCycle and the following: PCT’s ability to obtain funding for our operations, future capital requirements and future growth, and to continue as a going concern; PCT’s ability to meet, continue to meet, and comply on an ongoing basis with, the numerous regulatory requirements applicable to its PureFive® resin both generally and in food-grade applications and, more broadly, the operations and construction of PCT’s facilities (including in the United States, Europe, Asia and other future international locations); expectations and changes regarding PCT’s strategies and future financial performance, including future business plans, expansion plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and PCT’s ability to invest in growth initiatives, which could be impacted by significant changes to tariffs on foreign imports; the ability of PCT’s first commercial-scale recycling facility in Lawrence County, Ohio (the “Ironton Facility”) to be appropriately certified by Leidos (as defined below), following certain performance and other tests, and commence full-scale commercial operations in a timely and cost-effective manner, or at all; PCT’s ability to meet, and to continue to meet, the requirements imposed upon us and our subsidiaries by the funding for its operations, including the funding for the Ironton Facility and the Planned Facilities (as defined below); PCT’s ability to minimize or eliminate the many hazards and operational risks at its manufacturing facilities that can result in potential injury to individuals, disrupt PCT’s business, including interruptions or disruptions in operations at PCT’s facilities, and subject PCT to liability and increased costs; PCT’s ability to complete the necessary funding with respect to, and complete the construction of, the new polypropylene recycling facility in Thailand (the "Thailand Facility"), PCT’s first commercial-scale European plant located in Antwerp, Belgium (the "Belgium Facility"), and the purification facility to be built in Augusta, Georgia (the "Augusta Facility" and, together with the Thailand Facility and the Belgium Facility, the “Planned Facilities”) in a timely and cost-effective manner; PCT’s ability to procure, sort and process polypropylene plastic waste at our planned plastic waste prep facilities; PCT’s ability to maintain exclusivity under The Procter & Gamble Company license; the implementation, market acceptance and success of PCT’s business model and growth strategy, which includes PCT’s ability to bring a total of one billion pounds of installed polypropylene recycling capability online by 2030, and PCT’s ability to meet related construction, regulatory, and financing requirements; the ability to negotiate multi-year offtake agreements at appropriate margins to fund ongoing operations; the possibility that PCT may be adversely affected or potentially impacted by economic, business, and/or competitive factors, including interest rates, availability of capital, economic cycles, and other macro-economic impacts (such as tariffs); changes in the prices and availability of materials (such as steel and other materials needed for the construction of future Feed PreP and purification facilities), including those changes caused by inflation, tariffs and supply chain conditions, such as increased transportation costs and global conflicts, and our ability to obtain such materials in a timely and cost-effective manner; the ability to source feedstock with a high polypropylene content at a reasonable cost and the temporary spike in prices due to global conflicts such as the current conflict in the Middle East; the development of direct competitors in the recycled polypropylene segment that could impact the demand for PCT’s products; the outcome of any legal or regulatory proceedings to which PCT is, or may become, a party; geopolitical risk and changes in applicable laws or regulations; changes in the prices and availability of labor (including labor shortages), turnover in employees, and increases in employee-related costs; any business disruptions due to political or economic instability, pandemics, or armed hostilities (including the ongoing conflicts between Russia and Ukraine and various parties in the Middle East); and operational risks associated with the ability to operate the Ironton Facility and the Planned Facilities, as and when operative, at nameplate capacity.
PCT undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
Should one or more of these risks or uncertainties materialize or should any of the assumptions made prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events.
– financial tables attached –
PureCycle Technologies, Inc.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME
(Unaudited)
(in thousands, except per share data) Q1 2026 Q1 2025 Revenues $4,127 $1,580 Operating expenses Cost of operations 31,394 24,002 Research and development 1,555 1,552 Selling, general and administrative 12,973 13,747 Total operating costs and expenses 45,922 39,301 Operating loss (41,795) (37,721) Other expense/(income) Interest expense 15,382 15,064 Interest income (1,382) (379) Change in fair value of warrants (22,997) (56,669) Other expense/(income), net 643 (4,569) Total other income (8,354) (46,553) Net (loss)/income $(33,441) $8,832 (Loss)/earnings per share Basic $(0.21) $0.05 Diluted $(0.21) $0.05 Weighted average common shares Basic 180,478 177,308 Diluted 180,478 178,506 Other comprehensive (loss)/income Cumulative translation adjustment $(254) $(94) Unrealized loss on debt securities available for sale (16) — Total comprehensive (loss)/income $(33,711) $8,738
PureCycle Technologies, Inc.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(in thousands, except per share data) March 31, 2026 December 31, 2025 ASSETS CURRENT ASSETS Cash and cash equivalents $90,213 $156,694 Debt securities available for sale 30,882 13,631 Restricted cash – current 508 1,984 Accounts receivable, net 3,825 2,007 Inventory 12,335 13,824 Prepaid expenses and other current assets 8,619 9,877 Total current assets 146,382 198,017 NONCURRENT ASSETS Restricted cash – noncurrent 9,395 9,356 Operating lease right-of-use assets 66,937 54,226 Property, plant and equipment, net 660,269 657,752 Prepaid expenses and other noncurrent assets 3,024 3,315 TOTAL ASSETS $886,007 $922,666 LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES Accounts payable $12,837 $9,247 Accrued expenses and other current liabilities 42,357 42,815 Accrued interest 6,041 7,805 Current portion of warrant liability 13,327 13,682 Current portion of long-term debt 3,426 6,446 Current portion of related party bonds payable 7,570 7,570 Total current liabilities 85,558 87,565 NONCURRENT LIABILITIES Deferred revenue 5,000 5,000 Long-term debt, less current portion 265,386 263,355 Related party bonds payable, less current portion 87,886 86,343 Warrant liability, less current portion 22,507 45,149 Operating lease right-of-use liabilities 64,635 52,350 Series A Preferred Stock liability 33,308 29,606 Other noncurrent liabilities 4,299 2,710 TOTAL LIABILITIES 568,579 572,078 MEZZANINE EQUITY Series B Convertible Perpetual Preferred Stock 310,004 304,701 STOCKHOLDERS’ EQUITY Common Stock 181 180 Additional paid-in capital 857,200 861,953 Accumulated other comprehensive loss (575) (305) Accumulated deficit (849,382) (815,941) TOTAL STOCKHOLDERS’ EQUITY 7,424 45,887 TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY $886,007 $922,666
PureCycle Technologies, Inc.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(in thousands) Q1 2026 Q1 2025 Cash flows from operating activities Net (loss)/income $(33,441) $8,832 Adjustments to reconcile net (loss)/income to net cash used in operating activities Equity-based compensation 2,544 3,354 Change in fair value of warrants (22,997) (56,669) Change in fair value of put option 1,563 (3,146) Depreciation expense 7,379 7,350 Amortization of debt issuance costs and debt discounts 6,572 3,727 Operating lease amortization expense 1,169 1,119 Changes in operating assets and liabilities Accounts receivable, net (1,818) (1,494) Inventory 1,489 (660) Prepaid expenses and other current assets 701 1,936 Prepaid expenses and other noncurrent assets 291 (13) Accounts payable (2,280) (6,846) Accrued expenses and other current liabilities (2,218) 4,014 Accrued interest (689) 531 Operating lease right-of-use liabilities (919) (903) Net cash used in operating activities (42,654) (38,868) Cash flows from investing activities Purchase of property, plant and equipment (3,432) (15,004) Purchase of debt securities, available for sale (31,668) — Sale and maturity of debt securities, available for sale 14,450 — Net cash used in investing activities (20,650) (15,004) Cash flows from financing activities Proceeds from issuance of Common Stock — 33,152 Proceeds from issuance of revenue bonds to third parties — 16,368 Proceeds from exercise and issuance of warrants 230 5,400 Payments on equipment financing (1,136) — Payments to repurchase shares (2,223) (1,697) Other financing activities (1,485) (3,400) Net cash (used in)/provided by financing activities (4,614) 49,823 Net decrease in cash and restricted cash (67,918) (4,049) Cash and cash equivalents and restricted cash, beginning of period 168,034 41,511 Cash and cash equivalents and restricted cash, end of period $100,116 $37,462 Reconciliation of cash and restricted cash Cash and cash equivalents $90,213 $22,482 Restricted cash – current 508 5,761 Restricted cash – noncurrent 9,395 9,219 Total cash and cash equivalents and restricted cash $100,116 $37,462
Information Regarding Non-GAAP Financial Measures
The Company uses certain financial measures that are not calculated in accordance with generally accepted accounting principles in the U.S. (“GAAP”) to supplement its financial statements. These non-GAAP financial measures provide additional information to investors to facilitate comparisons of past and present operating results, identify trends in our underlying operating performance, and offer greater transparency on how the Company evaluates its business activities. These measures are integral to the Company’s process for budgeting, managing operations, making strategic decisions and evaluating its performance.
The Company’s primary non-GAAP financial measures are EBITDA and Adjusted EBITDA. The Company defines EBITDA as net income before interest expense, interest income, taxes and depreciation and amortization. Adjusted EBITDA is defined as EBITDA further adjusted to exclude certain non-cash items and other items that are not indicative of the Company’s core operating activities. These may include equity-based compensation expense and changes in the fair value of warrants and put options, and other financial items. The Company believes Adjusted EBITDA is valuable for investors and analysts as it provides additional insight into the Company’s operational performance, excluding the impacts of certain financing, investing, and other non-operational activities. This measure helps in comparing the Company’s current operating results with prior periods and with those of other companies in the Company’s industry. It is also used internally for allocating resources efficiently, assessing strategic decisions, and evaluating the performance of the Company’s management team.
There are limitations to Adjusted EBITDA, including its exclusion of cash expenditures, future requirements for capital expenditures and contractual commitments, and changes in the Company’s cash requirements for working capital needs. Adjusted EBITDA also omits significant interest expense and related cash requirements for interest and payments. While depreciation and amortization are non-cash charges, the associated assets will often need to be replaced in the future, and Adjusted EBITDA does not reflect the cash required for such replacements. Additionally, Adjusted EBITDA does not account for income or other taxes or necessary cash tax payments.
Investors should use caution when comparing the Company’s non-GAAP measure to similar metrics used by other companies, as definitions can vary. Neither EBITDA nor Adjusted EBITDA should be considered in isolation or as a substitute for GAAP financial measures. In presenting EBITDA and Adjusted EBITDA, the Company aims to provide investors with an additional tool for assessing the operational performance of the Company’s business. It serves as a useful complement to the Company’s GAAP results, offering a more comprehensive understanding of the Company’s financial health and operational efficiencies. The table at the end of the press release provides a reconciliation from Net Income (Loss) to Adjusted EBITDA for the specified periods.
The following table reconciles GAAP net (loss)/income to Adjusted EBITDA (in millions):
Q1 2026 Q1 2025 Net (loss)/income ($33.4) $8.8 Plus: Interest expense 15.4 15.1 Less: Interest income (1.4) (0.4) Plus: Income taxes - - Plus: Depreciation and amortization 7.4 7.4 Adjustments: Plus: Equity-based compensation 2.5 3.4 Less: Change in fair value of warrants (23.0) (56.7) Plus/(Less): Change in fair value of put option 1.6 (3.1) Adjusted EBITDA ($30.9) ($25.5)
Key Performance Indicators
Q1 2026 Q4 2025 Q1 2025 Consolidated Revenue ($MM) $4.1 $2.7 $1.6 Monthly Ops. Spending ($MM) $8.8 $8.2 $8.3 Ironton Purification PureFive®Production (MM lbs) 8.4 7.5 4.3 Other Production (MM lbs) 1.3 1.0 0.6 Feedstock Processed (MM lbs) 10.0 8.6 5.1
Other Production includes Co-product 1, Co-product 2, and additional saleable volumes, net of material reprocessed back into the production stream. Represents recovered material intended for sale as commercial markets develop.
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- Is Amazon’s New End to End Supply Chain Services Platform Altering The Investment Case For Amazon.com (AMZN)?
May 6, 2026
In early May 2026, Amazon launched Amazon Supply Chain Services, opening its freight, distribution, fulfillment, and parcel delivery network to external businesses across sectors including healthcare, automotive, manufacturing, and retail, with early customers such as Procter & Gamble, 3M, Lands’ End, and American Eagle Outfitters. This move extends logistics capabilities first built for Amazon’s own operations into a standalone third-party offering, directly challenging incumbents like UPS and FedEx by combining broad physical infrastructure with AI-based forecasting and a unified, multi-channel inventory and shipping platform. We’ll now examine how Amazon’s push into third-party logistics through Amazon Supply Chain Services could reshape its investment narrative built around AWS and AI.
The future of work is here. Discover the 34 top robotics and automation stocks leading the charge in AI-driven automation and industrial transformation.
Amazon.com Investment Narrative Recap
To own Amazon, you need to believe it can compound value across multiple platforms, with AWS and AI-heavy infrastructure spending offsetting thinner retail margins. The launch of Amazon Supply Chain Services looks additive to that thesis, but does not change the near term focus on executing its US$200 billion AI and data center capex plan and managing regulatory and cost pressures around AWS.
The ASCS launch is particularly interesting alongside Amazon’s Q1 2026 results, where revenue reached US$181,519 million and operating profitability improved. It highlights how Amazon is increasingly looking to monetize assets built for its own operations, a theme that now runs through logistics, cloud and emerging satellite connectivity, all of which feed into the same question of how efficiently new capacity can be turned into durable earnings.
Yet behind the promise of AWS and AI heavy growth, investors should also be aware of...
Read the full narrative on Amazon.com (it's free!)
Amazon.com's narrative projects $1080.3 billion revenue and $146.5 billion earnings by 2029. This requires 13.3% yearly revenue growth and a $55.7 billion earnings increase from $90.8 billion.
Uncover how Amazon.com's forecasts yield a $307.81 fair value, a 13% upside to its current price.
Exploring Other PerspectivesAMZN 1-Year Stock Price Chart
102 members of the Simply Wall St Community currently see Amazon’s fair value between US$215.55 and US$450, reflecting a wide span of expectations. Against that backdrop, the company’s escalating AWS and AI capex burden is front and center for anyone weighing how those diverse views might play out in future performance.
Story Continues
Explore 102 other fair value estimates on Amazon.com - why the stock might be worth as much as 65% more than the current price!
The Verdict Is Yours
Don't just follow the ticker - dig into the data and build a conviction that's truly your own.
A great starting point for your Amazon.com research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision. Our free Amazon.com research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Amazon.com's overall financial health at a glance.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AMZN.
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