Amazon posts $77B capex and negative free cash flow; Intel warns of PC demand slowdown

Amazon reported third‑quarter 2026 capital expenditures of about $77.3 billion and a trailing‑12‑month free cash flow of negative $42.4 billion, sending its shares down roughly 7% after hours. Intel said its PC segment revenue fell 5% to $8.1 billion and warned of near‑term headwinds across the PC industry, which pushed its stock down about 18%‑23% in after‑hours trading. Both companies announced the results on the same night, and the market reacted sharply to the combined news.

Traders sold both stocks after the reports, reflecting concerns about Amazon’s cash burn and Intel’s PC slowdown ().

  • 1Amazon Q3 2026 capital expenditures were $77.3 billion.
  • 2Amazon trailing‑12‑month free cash flow was negative $42.4 billion.
  • 3Intel PC segment revenue fell 5% to $8.1 billion.
  • 4Intel warned of near‑term headwinds across the PC industry.
  • 5Amazon shares fell about 7% in after‑hours trading.
  • 6Intel shares fell roughly 18%‑23% in after‑hours trading.

Sources