# Amazon Misses Q3 Estimates as AWS Growth Hits 39% and Capex Stays Near $220 Billion

*2026-10-30 07:00 UTC · Business · 1 min read*

> Amazon reported $201.9 billion in Q3 revenue and EPS of $1.89, slightly under forecasts, while AWS accelerated to its fastest growth in nearly five years.

Amazon reported third-quarter revenue of $201.9 billion and earnings of $1.89 per share, just short of analyst expectations of about $202.2 billion and $1.96. Operating income rose sharply year over year, but net income slipped because last year's results included gains on Amazon's Anthropic investments.

AWS revenue grew 39% to about $46.0 billion, its fastest pace in nearly five years. CEO Andy Jassy said he expects AWS growth to exceed 40% in both 2027 and 2028. Amazon kept its 2026 capital spending forecast at roughly $220 billion and guided Q4 net sales growth of 12% to 16%.

Amazon shares fell about 4% in regular trading on the day of the report. The result shows investors still weighing record AI infrastructure spending against accelerating cloud growth.

## Sources

- [247wallst.com](https://247wallst.com/cards/amazon-q3-2026-earnings-amzn-01m64mgs2373wqp8ya2hpcgve3)
- [cnbc.com](https://www.cnbc.com/2026/10/29/amazon-amzn-q3-earnings-report-2026.html)

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TechTools News · https://techtools.cz/tools/news/article/2604-amazon-misses-q3-estimates-as-aws-growth-hits-39-and-capex-stays-near-220
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