Amazon

Amazon missed revenue and GAAP EPS estimates, driven by weaker online stores and advertising, sending shares down after the quarter. AWS outperformed, with 39.3% year‑over‑year revenue growth, strong operating margins and Bedrock cited as a fast‑growing multibillion‑dollar service; AWS backlog and management’s multi‑year growth targets remain strong. Guidance for the holiday quarter came in slightly below Street expectations, and an analyst trimmed the price target to $280 from $300 amid investor skepticism over AI infrastructure returns and negative free cash flow. » More on cnbc.com

Amazon Web Services reported third-quarter revenue of $45.98 billion, up 39% year over year and above StreetAccount consensus, with operating income of $17.77 billion, up 55%. AWS said core compute and storage grew at multi-year highs and plans to expand Nvidia GPU capacity for AI workloads. The unit acquired DuckLabs, signed deals with Meta and OpenAI, and intends to make its Trainium chips available outside AWS late in 2027 as it targets sustained high growth and trillion-dollar revenue potential. » More on cnbc.com

Amazon reported fiscal Q3 sales of $201.94bn and net income of $20.69bn, falling short of some analyst expectations, while AWS revenue rose 39.3%—its fastest pace in nearly five years. The company set Q4 net sales guidance of $240bn–$247bn (up 12–16% year‑over‑year), slightly below consensus of $244.16bn, and shares fell over 6% after hours. Amazon reiterated a heavy investment plan, raising annual capital spending to $220bn largely for AI, chips, robots and datacenters. » More on theguardian.com