Amazon reported booming cloud revenue but otherwise missed expectations

What happened: Amazon reported third-quarter earnings that missed analysts' expectations for total revenue and earnings per share, though its AWS cloud unit beat revenue expectations. Key numbers: AWS revenue grew 39% year over year. Free cash flow was negative $42.4 billion for the trailing 12 months, versus positive $14.8 billion for the trailing twelve months ended September 30, 2025. Why it matters: Investors were scared by murky numbers including how much cash the company is burning through, driven largely by AI investments. AWS was the report's big bright spot. Market: -4.2% today ($243.79), +7.6% YTD, 2.0x vol — as of 22:46 UTC Verified: Q3_2026 (Oct 29) EPS $1.89 vs $1.96 est, -3.5% miss; next print ~Jan 28 Coverage: 3 outlets in 24h

Amazon reported third-quarter earnings that missed analysts' expectations for total revenue and earnings per share, though its AWS cloud unit beat revenue expectations.

Investors were scared by murky numbers including how much cash the company is burning through, driven largely by AI investments. AWS was the report's big bright spot. Market: -4.2% today ($243.79), +7.6% YTD, 2.0x vol — as of 22:46 UTC Verified: Q3_2026 (Oct 29) EPS $1.89 vs $1.96 est, -3.5% miss; next print ~Jan 28