Management did not disclose specific quarterly performance data, but is extremely optimistic about the prospects of Amazon LEO and AI agents. The satellite constellation has exceeded 250 in-orbit units, with plans to launch over 20 times this year; Delta Air Lines has committed to having half of its fleet use LEO starting in 2028. LEO has leading performance (2x downlink, 6x uplink), acquired Globalstar to obtain direct-to-device spectrum and collaborate with Apple; internal AI reduced code refactoring from 50 people for one year to 5 people in 65 days. No specific financial guidance was provided, but LEO is viewed as the "future AWS," with potential revenue reaching tens of billions of dollars in the medium to long term; cost pressures are driving enterprises to migrate to the cloud. The highlight is management's confidence in AI comprehensively reshaping the business; the risk is surging storage costs, though supply has been locked in ahead of time.