Amazon and Intel post earnings misses, sending tech stocks sharply lower
Amazon reported third‑quarter earnings of $1.89 per share and revenue of $201.90 billion, both below Wall Street forecasts, and posted negative free cash flow of $42.4 billion. Intel posted adjusted EPS of $0.52, missed revenue expectations with $16.50 billion earned, and issued a weak outlook that sent its shares down about 20% after hours. The disappointing results dragged Nasdaq‑100 futures 1.5% lower and pulled down other large‑cap tech names, including Alphabet, which fell 12% in regular trading.
Why it matters
The earnings shortfalls and negative cash flow raise concerns about AI‑related spending, pressuring valuations of major tech stocks (the company expects to keep 2026 capex at $220 billion). The sharp post‑earnings sell‑off also lowered Nasdaq‑100 futures, indicating broader market risk for investors holding large‑cap technology exposure.
Key facts
- 1Amazon’s adjusted EPS was $1.89 versus $1.97 expected, and revenue was $201.90 billion versus $202.20 billion expected. investinglive.com
- 2Amazon shares fell 6.30% in after‑hours trading. investinglive.com
- 3Amazon posted negative free cash flow of $42.4 billion and reaffirmed 2026 capital expenditures of $220 billion. cnbc.com
- 4Intel’s adjusted EPS was $0.52, revenue was $16.50 billion versus $16.60 billion expected. investinglive.com
- 5Intel shares dropped 20.17% after hours. investinglive.com
- 6Intel’s client computing and physical AI group revenue fell 5% YoY to $8.1 billion, and the company issued a weak outlook that contributed to the sell‑off. cnbc.com
Open questions
- Intel’s after‑hours decline is reported as 20.17% in material 1 and 21% in material 2.
- Amazon’s EPS consensus estimate is $1.97 in material 1 and $1.96 in material 3.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.