Amazon (AMZN) shares fell roughly 7% in Friday's premarket trading after its Q3 results missed expectations: EPS of $1.89 versus the $2.01 Zacks consensus, and revenue of $201.94 billion, just short of $202.11 billion. Operating income rose 61% to $28.1 billion, with a record 13.9% operating margin. AWS revenue grew 39% to $46 billion, its fastest pace in nearly five years, and AWS operating income rose 55% to $17.8 billion, while CEO Andy Jassy projected AWS growth above 40% in 2027 and 2028. However, Amazon reaffirmed its $220 billion 2026 capital expenditure outlook, mainly for AI infrastructure, pushing Q3 free cash flow to negative $33.5 billion and the trailing 12-month outflow to $42.4 billion. For Q4, Amazon guided to $240–247 billion in revenue, or 12%–16% growth, close to the $245.65 billion consensus forecast.
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Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/29/2026 | 244.23 |
| Change that session | -4.07% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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