Amazon.com reported Q3 2026 revenue of US$201.9 billion and net income of US$20.7 billion, missing earnings expectations. Capital expenditure focused on AI rose to about US$77.3 billion in the quarter, mainly for AI data centers and custom chips for AWS, and the company reiterated roughly US$220 billion for the full year, leaving free cash flow deeply negative. Near term, retail and advertising trends look comparatively softer. The article says AWS needs to turn this capacity into revenue from its US$578 billion backlog. The analyst narrative points to revenue of US$1,161.3 billion and earnings of US$163.0 billion by 2029, up from US$135.3 billion today.
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AMZN
▼ Likely negativeAmazon
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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