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Amazon third-quarter earnings miss estimates as cloud revenue grows 39%

Advertising growth slowed to 11%, and Amazon projected fourth-quarter revenue of $240 billion to $247 billion.

Updated Oct 30, 2026 · 02:24 UTC5 reports

The short version

  • Amazon reported third-quarter net sales of $201.9 billion and diluted earnings per share of $1.89, below analyst estimates.[Associated Press · Variety · TechCrunch]
  • Advertising revenue growth slowed to 11%, which Amazon attributed to foreign exchange changes and the shift of Prime Day, while AWS revenue rose 39% to $46 billion.[Variety]
  • Amazon projects fourth-quarter revenue of $240 billion to $247 billion and reiterated plans for about $220 billion in 2026 capital spending.[Variety · TechCrunch]
  • Reported share declines differ, at 4% and 7%, so the size of the post-results drop remains unresolved.[Associated Press · Variety]

Key facts

  • Amazon reported third-quarter 2026 net sales of $201.9 billion and diluted earnings per share of $1.89.[Associated Press · Variety · TechCrunch]
  • Variety cited an LSEG analyst consensus of $202.31 billion in revenue and $1.96 per share, while AP and TechCrunch cited FactSet estimates of $202.2 billion and $1.97.[Associated Press · Variety · TechCrunch]
  • Amazon attributed the slowdown in advertising revenue growth to 11% to foreign exchange changes and the shift of Prime Day.[Variety]
  • Amazon Web Services revenue grew about 39% to $46 billion in the quarter ended September 30, the sector's fastest growth in nearly five years.[Associated Press · Variety]
  • Amazon projected fourth-quarter revenue of $240 billion to $247 billion.[Associated Press · Variety · TechCrunch]
  • Amazon reiterated it expects about $220 billion in cash capital expenditures for 2026.[Associated Press · TechCrunch]
  • CEO Andy Jassy projected AWS revenue growth above 40% in both 2027 and 2028 in prepared remarks.[Variety]

What remains uncertain

  • Reported share declines differ: Variety cites 4% after the post-market close, while AP cites 7% in after-hours trading.[Associated Press · Variety]
  • Analyst expectations vary by source because Variety used an LSEG consensus while AP and TechCrunch used FactSet figures.[Associated Press · Variety · TechCrunch]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.