Amazon is expected to report a 12% rise in third-quarter revenue on Wednesday, with consensus at about $202.2 billion, and investors are watching whether AWS accelerates, with consensus at $45.4 billion to $45.6 billion, up around 37% to 38% from $33 billion. Bank of America forecasts AWS growth of 40% and a stable 39% operating margin, but warns that elevated expectations are a risk if investors look for AWS growth of 42% or more. On retail, card data showed online spending growth slowing to 9%, while advertising growth is expected to moderate after 26% in the second quarter, to 15% in the third quarter. Bank of America expects fourth-quarter revenue guidance of $239 billion to $246 billion, with a midpoint of $242.5 billion versus Wall Street's $244.6 billion, while its 2027 forward price-to-earnings multiple has fallen from 29 times at the end of 2025 to 23 times.
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Related tickers and likely impact
AMZN
▲ Likely positiveAmazon
Relevance: high
| 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.
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