SEATTLE – Amazon today posted fiscal third-quarter revenue and earnings that came in slightly below Wall Street’s expectations.
Net sales for the quarter ended September 30 increased 12% to nearly $202 billion, Amazon said.
Amazon posted operating income of $28.1 billion, compared to $17.4 billion in the third quarter of fiscal 2025. Operating margin was 13.9%, Amazon’s highest operating margin to date.
Its cloud computing business, Amazon Web Services, continues to boom and to generate the majority of Amazon’s operating profit. Amazon said AWS sales increased 39% to $46 billion – the segment’s fastest growth in nearly five years.
The tech giant reiterated its capital expenditure forecast for 2026, saying it continues to expect spending, largely on AI and cloud infrastructure, will reach $220 billion.
Andy Jassy, Amazon’s president and chief executive, has sought to soothe investors’ fears about Amazon’s massive investments in AI with assurances that the demand…
https://massmarketretailers.com/amazon-misses-on-3q-earnings/
