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Amazon earnings live: AI growth takes center stage
- AMZN
- GOOG
- MSFT
Amazon (AMZN) will report its third-quarter results Thursday, a day after Google (GOOG, GOOGL) reported disappointing earnings that sent shares of the search giant plunging more than 12%.
Google’s announcement ran counter to Microsoft (MSFT), which reported better-than-expected results Wednesday, helping to push that stock higher.
Wall Street will focus on Amazon’s AWS growth, though as Google’s results show, <a href="https://bitcomme.com/93-of-<a href="https://bitcomme.com/best-seo-services-for-small-business-owners/” title=”Best SEO services for small business owners”>business-leaders-report-contract-data-challenges/” title=”93% of Business Leaders Report Contract Data Challenges”>business fundamentals still drive stock moves.
For the quarter, Amazon is projected to report earnings per share (EPS) of $1.97 on revenue of $202.25 billion The company reported EPS of $1.95 and revenue of $180.16 billion in the same period last year
AWS revenue is projected to come in at $45.68 billion, up 38% versus $33 billion in Q3 2025. Online store sales should hit $69.6 billion, up 3%, while advertising is set to reach $20.91 billion, an 18% increase.
Investors will also be keeping their eyes on Amazon’s capital expenditures. Google and Microsoft offered lower-than-expected capex outlooks in their reports, while Meta raised the lower end of its guidance during its earnings announcement last week.
Amazon, like its peers, is spending tens of billions on the AI buildout, and while a pullback may help the company’s stock, it would also put pressure on the broader AI industry, including chip makers and neocloud providers. Read more.
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