Amazon's AWS revenue grew 39% in the third quarter, its fastest pace in nearly five years, and the unit posted its highest operating margin ever, yet shares fell about 6% in early after-hours trading. Net sales rose 12% to $201.9 billion and operating income climbed to $28.1 billion from $17.4 billion, with AWS earning about 63% of operating profit. Trailing 12-month free cash flow turned to an outflow of $42.4 billion from a $14.8 billion inflow a year earlier, as long-term debt nearly tripled since December to about $173 billion. Amazon kept its plan to spend about $220 billion on capital projects this year, and advertising growth of 12% is expected to reach the high teens in the fourth quarter.
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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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