Amazon.com, Inc.: Miss — EPS $1.89, Revenue $201.94B
Earnings MissQ3 2026 · After-market
Did Amazon.com, Inc. (AMZN) beat earnings today?
No, Amazon.com, Inc. (AMZN) missed Wall Street analyst expectations for Q3 2026, reporting lower-than-expected EPS and lower-than-expected revenue.
Earnings Per Share-3.57% surprise
$1.89Actual
Expected: $1.96
vs. year ago -3.0%
Total Revenue-0.16% surprise
$201.94BActual
Expected: $202.26B
vs. year ago +12.0%
Released Oct 29 · 4:01 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $201.94B | $180.17B | +12.0% |
| Revenue detail — reported lines | |||
| └─Net product sales | $75.30B | $74.06B | +1.7% |
| └─Net service sales | $126.65B | $106.11B | +19.4% |
| └─North America | $112.85B | $106.27B | +6.0% |
| └─International | $43.11B | $40.90B | +5.0% |
| └─AWS | $45.98B | $33.01B | +39.0% |
| └─Online stores | $68.47B | $67.41B | +2.0% |
| └─Physical stores | $5.71B | $5.58B | +2.0% |
| └─Third-party seller services | $46.49B | $42.49B | +9.0% |
| └─Advertising services | $19.64B | $17.70B | +11.0% |
| └─Subscription services | $14.01B | $12.57B | +11.0% |
| └─Other | $1.65B | $1.42B | +16.0% |
| GAAP Basic EPS | $1.92 | $1.98 | -3.0% |
| GAAP Diluted EPS | $1.89 | $1.95 | -3.0% |
| Net income | $20.68B | $21.19B | -2.0% |
Financial Outlook / Guidance
| Metric | Q4 2026 Guidance | 2026 Guidance |
|---|---|---|
| Net sales | $240.0B-$247.0B (+12-16% YoY) | — |
| Advertising revenue | high teens YoY | — |
| Operating income | $28.5B-$33.5B | — |
| Cash capital expenditures | — | ~$220B |
Business Highlights
- ➤Signed new AWS agreements with Meta, NVIDIA, OpenAI, Salesforce, Oracle, and others.
- ➤Expanded Bedrock with new OpenAI, Anthropic, Moonshot AI, SpaceXAI, and Z.ai models.
- ➤Launched built-in web search for OpenAI models on Amazon Bedrock.
- ➤Launched public preview of Bedrock Managed Agents for enterprise AI-agent deployment.
- ➤Released Strands harness and previewed open-source Strands Box.
- ➤Made AI-powered security service AWS Continuum generally available.
- ➤Acquired DuckLabs, creator of the open-source DuckDB data-analysis tool.
- ➤Delivered fastest-ever Q3 Prime speeds, with 1.5B+ same-day or overnight items.
- ➤Expanded Amazon Now ultra-fast delivery to over 450 towns and cities.
- ➤Expanded Alexa+ to Australia, India, and Japan.
- ➤Signed an AT&T agreement for Amazon Leo enterprise and public-sector connectivity.
- ➤Began paid Zoox robotaxi rides in Las Vegas and testing in San Diego and Houston.
- ➤Introduced Built Together, a new $1B community investment in U.S. data-center communities.
- ➤Announced plans to hire more than 300,000 U.S. seasonal, part-time, and full-time employees.
Management Commentary
Andy Jassy, President and CEO, Amazon
“Our AWS investment in functionality and infrastructure is working, with over 39% year-over-year revenue growth in Q3 ($184 billion revenue run rate) and projected revenue growth rates of over 40% both in 2027 and in 2028. Our broader selection and speedier delivery are helping us capture more retail market segment share with improving margins, and our newer businesses, ranging from Grocery to Pharmacy to Amazon Leo to Zoox are progressing encouragingly. There has never been a trillion dollar revenue business, and we may have two of them in the next 5-10 years.”