Wall Street analysts project Amazon (AMZN) will report quarterly earnings of $2.01 per share, up 3.1% year over year, on revenue of $202.11 billion, up 12.2%. Over the past 30 days, the consensus EPS estimate for the quarter was revised down 0.4%. By segment, analysts expect AWS net sales of $45.42 billion (+37.6%), North America $113.39 billion (+6.7%), International $43.21 billion (+5.7%) and advertising services $20.87 billion (+17.9%). The article notes that changes in earnings estimates are a notable factor in anticipating investor reactions ahead of a company's earnings release.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
AMZNearningscloud computingadvertising
Open a keyword to see other news on the same topic.
Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/23/2026 | 248.04 |
| Change that session | -0.93% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Two Reasons Keep Me Buying Amazon Without Fear
The author keeps adding to Amazon for two reasons: AWS is accelerating from a large base, with growth rising from 20% in Q3 2025 to 37% in Q2 2026, and advertising and retail are expanding alongside a strong balance sheet. AWS revenue reached $42.23 billion last quarter with a $496 billion backlog, while total operating income rose 43.24% to $27.46 billion. The author prefers Amazon over Microsoft and Walmart for its higher operating margin, 11.16% versus near 4% at Walmart. The main risk is about $200 billion of planned 2026 capex, which pushed trailing free cash flow to -$7.6 billion. The author argues most AI capacity is contracted for at least five-year terms, so the spending should pay back.
- Sundar Pichai Reported Alphabet's Cloud Revenue Grew 82% Last Quarter While the Gemini App Reached 950 Million Monthly Users. Is Google Cloud Becoming a Bigger Growth Driver Than Search?
Google Cloud revenue for the latest quarter rose 82% year over year to $24.8 billion, adding $11.2 billion amid heavy AI infrastructure spending. Google Search grew more slowly, up 17% to $63.3 billion, but its $9.1 billion increase was smaller than Cloud's, so the author argues Cloud now matters more to Alphabet's revenue growth than Search. The author sees chatbots such as ChatGPT and Claude, along with Gemini (950 million monthly active users), as a real risk to search volumes and ad revenue, but notes Gemini also underpins Alphabet's services, including AI summaries in Search. Total Alphabet revenue grew 23% year over year last quarter.
- Pre-Q3 Earnings: Is Alphabet Stock a Portfolio Must-Have?
Alphabet (GOOGL) is set to report third-quarter 2026 results on October 28. The Zacks Consensus Estimate calls for earnings of $2.94 per share, up 2.44% year over year, and revenue of $111.64 billion, implying growth of 27.63%; Alphabet has beaten earnings estimates in each of the last four quarters, with an average surprise of 86.65%. Cloud revenue surged 82% year over year to $24.77 billion in the second quarter, with cloud backlog reaching $514 billion, while Search & Other rose 17% to $63.27 billion and YouTube advertising grew 13% to $11.06 billion. Gemini API usage reached about 22 billion tokens per minute, and the Gemini app has 950 million monthly active users. The article also flags possible margin pressure from higher depreciation, energy costs, data center operating costs and AI-related hiring.
- Countdown to Alphabet (GOOGL) Q3 Earnings: Wall Street Forecasts for Key Metrics
Wall Street analysts expect Alphabet (GOOGL) to report quarterly EPS of $2.94 per share, up 2.4% year over year, on revenue of $111.64 billion, up 27.6%. The consensus EPS estimate was revised up 1.4% over the past 30 days. Analysts project Google advertising revenue at $83.52 billion (up 12.6%), Google Cloud at $29.16 billion (up 92.4%), and YouTube ads at $11.34 billion (up 10.6%). The article notes that trends in earnings estimate revisions have shown a robust correlation with short-term stock price performance.
- UBS on Amazon: Street’s AWS margin estimates for 2027 are too low
UBS raised its Amazon price target to $348 from $318 and kept its Buy rating ahead of third-quarter results on Oct. 29. Analyst Stephen Ju argues Wall Street underestimates AWS margins, forecasting a 46% AWS operating margin in 2027 versus 38% consensus. He says the stock’s muted reaction after second-quarter results reflects investors pricing in 2027 capex above $300 billion, which could leave free cash flow at zero or negative. UBS estimates AWS will add about $80 billion in revenue, and holding margins near the second quarter’s roughly 39% would require about $29 billion in extra SG&A spending, three times the 2026 plan. Ju expects investors will be forced to raise margin, EPS and FCF forecasts as Amazon reports.
- Amazon Expected to Deliver AWS Growth Upside in Q3, BofA Says
Related markets
Latest news
- FTC and 20 states sue Dollar General, alleging retailer overcharged shoppers
The Federal Trade Commission and 20 states sued Dollar General, accusing it of charging customers more than the prices displayed on shelves, price tags and in advertisements. The complaint says thousands of stores extracted millions of dollars in unlawful overcharges and that the company received “tens of thousands” of consumer complaints without adopting policies to fix the problem. Dollar General shares fell about 4% after the announcement, and the company did not immediately respond to a request for comment. The suit comes as shoppers look for discounts amid elevated food and gas prices, ahead of next week’s midterm election.
- Is the Buffett Indicator Flashing a Warning Sign to Stock Market Investors?
The Buffett indicator, which divides the total value of U.S. stocks by GDP, stands at 234%, near its record high and well above the roughly 135% reached during the dot-com bubble. The CAPE ratio is 40.6, higher only in the dot-com period, while the S&P 500 has grown at an annualized pace of roughly 15% over the past 10 years, versus a historical average of 10%. The author argues the indicator ignores overseas revenue of large U.S. companies and the rapid expansion of liquidity, with M2 rising from $6.9 trillion to $23.3 trillion, so he does not see it as a clear warning sign. The author also says investors should not use it as a tool to time the market, since the S&P 500 has posted gains over every rolling 20-year period.
- Rockefeller Adds J.P. Morgan Team in Houston
Rockefeller Capital Management has added a seven-member Houston team from J.P. Morgan to its Global Family Office division, led by managing directors Chris Sheets and Forrest Green. According to a Forbes Best-in-State advisor ranking, the team previously managed $1.4 billion in assets and had been with Bernstein Private Wealth Management before joining J.P. Morgan in 2018. The move follows Rockefeller’s earlier-this-month addition of The Kellam Group, a Naples, Fla.-based team from Truist. Rockefeller oversees about $237 billion in client assets.
- Shopify “Has Not Grown Into Its Multiple at All” as Investors Pay 112 Times Profits
Shopify shares rose 33% in a month following Meta’s Muse deal, before ATB Cormark downgraded the stock to Sector Perform. On the We Study Billionaires podcast, Daniel Mahncke argued the rally came mainly from earnings roughly doubling, while the premium investors pay stayed at about 112x operating profits. Normalized EPS rose from $0.73 in 2023 to $1.43 in 2025, and the forward P/E of 80x is close to its 3-year average of 74x. Operating margin climbed from 3.7% to 16.4%, but subscription gross margin fell to 79.7% as cloud and AI costs rose $37 million. The article says the valuation depends on AI shopping agents keeping growth strong, with third-quarter results as the first test.
- Tokenized Stock Trading Has Been a Big Hit Overseas. So Why Are Some Publicly Traded Companies in America Objecting?
Robinhood has launched tokenized stock trading in over 120 countries this year but has not yet received U.S. approval. Tokenized stocks are blockchain tokens representing ownership of conventional shares that can be traded 24/7 across borders, yet holders lack voting rights and direct cash dividends because a custodian bank holds the underlying shares. Microsoft, Verizon and McDonald’s are among a growing list of large companies that have filed to bar tokenization of their shares, arguing platforms cannot issue synthetic versions without consent and that the practice compromises investor safety and corporate governance. In September, the SEC issued an “innovation exemption” letting qualifying platforms trade tokenized stocks in the U.S. for up to five years, but it requires equal rights for holders and gives companies 30 days to object. The article suggests Robinhood is unlikely to bring the feature to U.S. investors soon given nearly two dozen major objectors, though its overseas growth remains worth watching.
- Geopolitical tensions complicate the gold bull case, says AHG president
Max Baecker, president of American Hartford Gold, says Middle East tensions are complicating the gold outlook, even as central bank buying supports demand. He argues higher energy prices could fuel inflation and tighter monetary policy expectations, strengthening the dollar and weighing on gold, which is why gold does not always rise during a geopolitical crisis. He notes central bank buying has roughly doubled from its pre-2022 average, and the People's Bank of China has increased its gold reserves for 23 consecutive months, with Chinese net gold imports reportedly reaching 316 tonnes in the first quarter. In the near term, he says the Fed sets the pace of gold's moves rather than its direction.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.