● IndustryOct 30, 2026 · 03:398 sources
Amazon Shares Drop as Huge AI Spending and Ad Revenue Miss Weigh on Q3 Results
From marketbrief.now
AI;DR
Amazon shares fell as much as 13% in extended trading after the company reported third-quarter revenue that missed estimates and a fourth-quarter profit projection that trailed analyst expectations. The advertising division generated $19.6B, below the $20.87B expected, while total net sales reached $201.9B against a $202.3B estimate. Capital expenditures for artificial intelligence infrastructure totaled $77.3B, nearly $20B above forecasts, resulting in a trailing twelve-month free cash flow of negative $42.4B.
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- SUPPORT@firstsquawk“STILL SEES 2026 CASH CAPEX OF ABOUT $220 BLN, AND SEES AWS REVENUE GROWTH RATES ABOVE 40% IN 2027 AND 2028”x.com
- SUPPORT@stocktwits“AMAZON: "Highest operating margin in company history"”x.com
- SUPPORT@unusual_whales“- Revenue: $201 billion, est: $202 billion”x.com
- SUPPORT@realnickmugalli“Capex was $77.3bn in a single quarter, almost $20bn more than anyone expected.”x.com
- SUPPORT@melvininvests“Amazon's advertising business generated $19.6 billion in revenue, missing expectations of $20.87 billion”x.com
- SUPPORT@stocksavvyshay“AWS is now on a $184 billion annual run rate.”x.com