If there’s one thing Microsoft’s recent earnings report made abundantly clear, it’s that investors have zero tolerance for stalling cloud growth, given billions being funneled into AI infrastructure.
Naturally, therefore, all eyes are on Amazon Web Services as the tech behemoth warms up to report its fourth-quarter earnings on February 5th (after market close).
While Amazon stock has held up relatively well in 2026, its continued ascent hinges on whether AWS can prove its recent reacceleration is sustainable.
Heading into the quarterly print, AMZN shares are up nearly 10% versus their November low.
Why beating consensus won’t be enough for Amazon stock
For AMZN stock to rally post-earnings, meeting the “official” consensus may prove insufficient.
While FactSet analysts are projecting revenue of $211.4 billion and earnings per share (EPS) of $1.97, the whispered “bogey” for AWS is much more aggressive.
The market consensus for AWS growth currently sits at 21%, but top…
