Amazon is set to report third-quarter results after the market closes Thursday, with analysts expecting adjusted EPS of $1.96 and revenue of $202.31 billion per LSEG. Per StreetAccount, AWS sales are forecast at $45.48 billion, up 38% from 37% last quarter, and advertising revenue at $20.82 billion. CEO Andy Jassy said Amazon's cloud capacity is “largely sold out” for next year and it has significant commitments for 2028, while capital expenditure for 2026 was raised to $220 billion from $200 billion. Trailing free cash flow was negative $7.6 billion, versus positive $18.2 billion a year earlier, as the company spends heavily on AI data centers. Amazon has also cut more than 57,000 corporate jobs since 2022, roughly 16% of its corporate workforce, and blocked third-party AI agents such as Meta's Muse, while more than 400 million shoppers have used Alexa for Shopping.
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AMZNearningscloud computingAI investment
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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 10/28/2026 | 254.60 |
| Change that session | +0.59% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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