Stock
Amazon (AMZN)
In Q3, Amazon's AWS sales grew 39% to $46.0 billion and operating income reached $28.1 billion, while trailing free cash flow fell to an outflow of $42.4 billion on AI spending.
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Researched and drafted with AI agents. Every figure is taken from a source cited on the page.
Analysis and information
What it does
Amazon runs online stores, reported in its North America and International segments. Amazon Web Services (AWS) rents computing, storage and AI services to businesses.
Role in the theme
In Platforms and software, Amazon rents AI computing through AWS. Its data center spending turned its free cash flow negative for the twelve months to September 30, by its own measure.
Latest
- 2026-10-29 (Q3 results): Net sales rose 12% to $201.9 billion, inside the $197.0-202.0 billion guidance. AWS segment sales rose 39% to $46.0 billion.
- 2026-10-29: Operating income was $28.1 billion, above the $22.5-26.5 billion guidance, for a 13.9% operating margin. AWS operating income was $17.8 billion.
- 2026-10-29: Free cash flow was an outflow of $42.4 billion for the trailing twelve months, after an outflow of $7.6 billion to June. Purchases of property and equipment, net of proceeds and incentives, rose by $94.8 billion from a year earlier, mainly for AI. Operating cash flow was $168.3 billion.
- 2026-10-29: Q4 guidance: net sales of $240.0-247.0 billion and operating income of $28.5-33.5 billion.
- 2026-07-30: In Q2, AWS segment sales rose 37% to $42.2 billion.
What to watch
- Q4 net sales and operating income against the guidance ranges.
- AWS growth after 39% in Q3.
- Capital spending and free cash flow.
- Next report: Q4 2026 results, date not yet announced.
Covered in
- Theme: Platforms and software
Sources
Primary means the publisher of the data or the filing; secondary means press or an aggregator.