Amazon earnings miss and softer holiday outlook overshadow AWS growth
Amazon reported third-quarter 2026 revenue of $201.9B and EPS of $1.89 on October 29, with both below expectations. AWS revenue increased 39% to $46B, but Amazon forecast fourth-quarter revenue of $240B-$247B and operating income of $28.5B-$33.5B. Shares fell more than 6% after hours as investors weighed the weaker outlook and rising AI infrastructure costs against cloud growth.
