Amazon reported third-quarter results that fell short of analyst expectations for both total revenue and earnings per share, with other figures also weighing on investors. The bright spot was Amazon Web Services, whose revenue beat expectations and grew 39% from a year earlier. Free cash flow over the trailing 12 months turned negative at $42.4 billion, compared with positive $14.8 billion for the 12 months ended September 30, 2025, largely due to heavy AI investment. Amazon reiterated that it still expects about $220 billion in cash capital expenditures for 2026. Its fourth-quarter net sales forecast of $240 billion to $247 billion means full-year capex is expected to come close to its projected Q4 sales alone.
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AMZNcloud computingAI investmentearnings
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Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: high
| 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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