Amazon (AMZN) will report its third-quarter results this Thursday after market hours. Last quarter, the company beat analysts' revenue expectations with $200.6 billion in revenue, up 19.6% year on year, and also solidly beat EPS estimates. The market expects revenue growth of 12.3% year on year this quarter, slowing from the 13.4% increase in the same quarter last year. Analysts have generally reconfirmed their estimates over the past 30 days, and the article notes that Amazon has a history of exceeding Wall Street's expectations.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/27/2026 | 253.15 |
| Change that session | +1.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Stock Market Reels From 2 World-Changing Factors
- Why Amazon (AMZN) Stock Is Up Today
Amazon (NASDAQ: AMZN) shares rose 3.3% in the morning session after Morgan Stanley named the stock a top pick and raised its price target to $350 from $335, keeping an Overweight rating. Analyst Brian Nowak argued Wall Street underestimates the growth runway for Amazon Web Services (AWS), projecting cloud revenue growth will accelerate to 47% in 2027 as enterprise adoption of the Bedrock AI platform widens. He also pointed to agentic commerce and margin gains as robotics deployment ramps across fulfillment centers. The article notes the stock gained 14% about three months ago after second-quarter results beat expectations, with revenue up 19.6% to $200.6 billion and AWS growing 37%. Shares are now at $260.07, close to their 52-week high of $284.02 set in August 2026.
- Palantir, Datadog and chip stocks bounce back as Amazon lifts Wall Street
Tech stocks rebounded Monday even as most of Wall Street stayed weak. Palantir (PLTR) and Datadog (DDOG) each gained over 4%, with chip stocks also recovering from last week's losses. Bernstein upgraded Datadog on stronger AI-related demand, while Palantir announced a government-cloud partnership but faced a potential selling zone around $195–$200. Amazon (AMZN) rose 5% after Morgan Stanley named it a top pick, helping the Nasdaq Composite gain 1.1% and the S&P 500 add 0.4%. CoreWeave (CRWV), however, finished slightly lower at $61.12, just above its July closing low of $60.82, and nearly two-thirds of S&P 500 stocks fell.
- VCs will make billions on Anthropic’s IPO, but Amazon is set to make much (much) more
Venture investors including Menlo Ventures, Sequoia, Sound Ventures and Spark Capital are expected to earn billions from Anthropic's IPO, but according to its S-1 none of them owns 5%, the threshold for the principal stockholders table, which is unusual for a tech IPO. At the company's $965 billion private valuation, Menlo's roughly $14 billion stake is only about 1.5%. The article says Amazon is likely the largest financial beneficiary: it first backed Anthropic in 2023 with up to $4 billion, mostly through convertible notes, which carried $6.2 billion in principal as of June 30 and were valued at $97.9 billion in Amazon's filings. Anthropic recorded a non-cash $72.4 billion charge in the first half of 2026 for the change in fair value of these liabilities, and a 12% cap limits Amazon's conversion, though Amazon can waive it. Amazon also invested $10 billion in nonvoting preferred stock in the second quarter, bringing its total investment to about $18 billion.
- Amazon (AMZN) Q3 Earnings Preview: AWS Growth Takes Center Stage
Amazon (AMZN) is set to report third-quarter results after market close on Thursday, October 29, with investors focused on AWS growth, AI capabilities and e-commerce profitability. According to the Zacks Consensus Estimate, Amazon is expected to earn $2.01 per share, up 3% year over year, with revenue rising 12% to $202.11 billion; company guidance calls for sales of $197–$202 billion and operating income of $22.5–$26.5 billion. The shift of Prime Day into the second quarter is cited as a headwind to the year-over-year sales comparison. AWS revenue rose 37% to $42.23 billion in Q2, and Zacks expects Q3 AWS revenue of $45.41 billion, up 37% from $33 billion a year earlier, while advertising revenue is projected to rise nearly 18% to $20.87 billion. Anticipated annual capex of $220 billion has raised concerns about free cash flow, and AMZN shares are up 10% year to date, trailing the S&P 500's 11% and the Nasdaq's 14% gains.
- Amazon has a Muse problem. Is a deal with OpenAI a solution?
Laura Martin of Needham & Company said Amazon's move to block Meta's Muse shopping agent from its site is a typical defense by an incumbent, since roughly 85% of e-commerce is done on Amazon's website. She suggested Amazon consider a joint venture with OpenAI, owned 50/50, giving OpenAI access to Amazon for purchases while Amazon handles fulfillment, and said Amazon could work with several consumer AI agents rather than only one. Needham rates Meta 'hold', and Martin argued Meta moved first because other AI companies are compute constrained and have no revenue from consumer agents, so they are not yet pursuing the business.
Related markets
Latest news
- MWG Posts Record Q3 Profit, Surpasses Full-Year Plan After Nine Months
MWG reported Q3 2026 net revenue of over 52,600 billion VND, up 32%, and after-tax profit of over 3,500 billion VND, nearly double the year-earlier level and a quarterly record for the company. For the first nine months, net revenue reached 147,827 billion VND (up 30%) and after-tax profit 9,634 billion VND (up 93%), completing 80% of the full-year revenue plan of 185,000 billion VND and exceeding the 9,200 billion VND profit target by 5%. The DMX group generated nearly 99,200 billion VND in nine-month revenue, up 29%, with same-store sales growth (SSSG) of 30%, and buy-now-pay-later accounted for 38% of group revenue. Bach Hoa Xanh reached 45,900 billion VND, up nearly 34%, and the An Khang pharmacy chain's revenue rose 22%. MWG expects full-year revenue growth of 30% versus the prior year, supported by new Apple products and the year-end shopping season.
- Meta Platforms Just Delivered Great News to AI Stock Investors
Meta announced several stock offerings this week, including a $22.5 billion offering upsized to $25 billion, plans to sell $12.5 billion of preferred stock, and $60 billion of new non-voting Class C stock, totaling $97.5 billion. The move comes amid investor concern over rising interest rates and a tight credit market, after CoreWeave's bond yields reached as high as 15%, which triggered a sell-off in neocloud and AI infrastructure stocks such as Oracle. Media reports said the offering was oversubscribed five times, meaning Meta could have sold $125 billion of stock, with Nvidia and AMD among the investors. The article argues this demand signals strong funding for AI and notes Meta trades at a P/E of around 21 after its post-earnings sell-off. It also suggests some of that money could go to Anthropic's planned IPO at a valuation of around $2 trillion next month.
- Otto Group and Sereact Bring NVIDIA-Powered Physical AI to Returns Processing
Otto Group and Sereact will deploy AI-controlled dual-arm robots at a logistics center in Poland in two phases, starting with 10 robots and adding 15 more if initial results are positive, for a total of 25. The robots run Sereact's Cortex Physical AI model, which can handle items it has never encountered without product-specific training, and Cortex is trained with NVIDIA Isaac Sim, Isaac Lab and Cosmos. Under a Robotics-as-a-Service model, Sereact operates and maintains the systems, while employees shift to supervision, exception handling and quality checks. The project is part of Otto Group's medium-term commitment to invest €350 million in technology and AI, and the group will evaluate a wider rollout across its logistics network if phase two succeeds.
- Why US President Donald Trump Will Ban the Term “AI” (Artificial Intelligence)
President Donald Trump said he will ban the term “artificial intelligence” from official documents and other areas, calling it inaccurate and preferring “super intelligence” (SI). The executive order says the executive branch will no longer accept “artificial intelligence” and “AI” in appropriate contexts from now on, but does not require agencies to revise existing rules, contracts or documents. Science and technology adviser Michael Kratsios has 60 days to determine how far the new term will replace the current legal definition of “artificial intelligence.” Trump has disliked the term since July 2025, ran a Truth Social poll in September 2026, and after meeting with billionaires who lead AI companies, signed what he called an ethics-binding deal, known as the White House Accord on Super Intelligence.
- Billionaire Ken Griffin Says AI Is "Almost Certainly" in a Bubble. Here's What That Means for Crypto Investors.
At Citadel’s Future of Global Markets Conference in New York, billionaire Ken Griffin said AI is “almost certainly” in a bubble, while remaining optimistic about companies that survive the bursting. The article says it is hard to tell which AI firms will be winners or losers, which is why the stock market struggles to value many AI stocks. For crypto investors, it outlines shifting capital from AI-linked assets toward more established names such as Bitcoin, which has risen to $80,000 from a summer low of $60,000 and is seen by some as a possible safe haven. It also points to the intersection of AI and blockchain, citing NEAR Protocol, which is up nearly 180% this year, and cautions against crypto firms that have recently pivoted to AI.
- The US signals again to Russia: Washington unexpectedly considers lifting sanctions on Russia's major investment fund
According to TASS, the US Treasury may review a sanctions exemption request from the Russian Direct Investment Fund (RDIF) through its standard process, an anonymous US official said. This is only an initial review and does not mean Washington has decided to lift restrictions; RDIF was placed on the sanctions list on February 28, 2022. RDIF CEO Kirill Dmitriev, who is also Putin's special envoy, is taking part in contacts aimed at boosting Russia-US economic ties and finding a solution to the Ukraine conflict. Earlier, on October 9, President Trump announced a deal with President Putin to bring Russian diesel back to the US and international markets, with planned shipments of about 300,000 tonnes in October, 500,000 tonnes in November and one million tonnes after that. If sanctions are eventually eased, the article says, this could open more room for economic cooperation between the two countries.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.