Amazon reports third-quarter results after the bell on Thursday, Oct. 29, and the article highlights its $496 billion AWS backlog as the key item to watch for conversion into revenue. Last quarter, Amazon's revenue rose 19.6% to $200.61 billion, while AWS grew 37% to $42.23 billion, its fastest pace in 18 quarters, and GAAP EPS of $5.75 included a $53.4 billion pre-tax gain on Anthropic. Management raised its 2026 cash capex forecast to roughly $220 billion from about $200 billion, citing higher memory costs, and guided third-quarter net sales to $197.0 billion to $202.0 billion and operating income to $22.5 billion to $26.5 billion. The author also focuses on AWS margins, which expanded 650 basis points year over year, and on trailing free cash flow of negative $7.6 billion, while CEO Andy Jassy said capacity remains the constraint on meeting 2026 demand. Shares were at $248, up 7.44% year to date.
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AMZNearningscloud computingdata centers
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Related tickers and likely impact
AMZN
▲ Likely positiveAmazon
Relevance: low
| 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.
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