Overview
- Wall Street expects roughly $211–212 billion in revenue and about $1.96 in EPS for the quarter, with operating income estimates near $25 billion.
- Analysts anticipate AWS growth to pick up in 2026, building on Q3’s 20% year-over-year increase to $33 billion and recent price moves seen as signs of strong demand.
- Amazon has earmarked about $125 billion in 2025 capex largely for AI and data centers, and investors are watching for 2026 spending plans.
- UBS and others project capex to keep rising, citing expectations that Amazon will roughly double infrastructure capacity by 2027.
- Cost discipline and retail execution remain in focus after about 30,000 corporate job cuts, with logistics milestones, Rufus adoption, and intensifying competition from Walmart, Temu, and Shein shaping the outlook.