Amazon's Q3 2026 earnings missed analyst expectations for total revenue and EPS, despite AWS cloud revenue surging 39% to $45.98 billion. Free cash flow turned deeply negative at -$42.4 billion over the trailing twelve months, driven by heavy AI investments, with the company still forecasting around $220 billion in capital expenditures for the full year.
Background
Amazon Web Services (AWS) remains the dominant cloud infrastructure provider, with its growth reflecting increased enterprise adoption of cloud and AI services. Amazon's massive capital expenditure is primarily directed toward AI infrastructure to support the growing demand for generative AI.
- Source
- TechCrunch
- Published
- Oct 30, 2026 at 05:20 AM
- Score
- 7.0 / 10