Amazon.com Inc. stock faces holiday test after AWS acceleration

Published on 11/02/2026 at 16:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Amazon.com Inc. stock enters the holiday quarter after strong AWS growth and a cautious sales outlook. AI spending remains central to the investment case.

Amazon enters the holiday quarter

AWS delivered its fastest growth in nearly five years as cloud demand remained the main earnings driver.
Heavy AI infrastructure spending pushed trailing twelve-month free cash flow into an outflow.
Amazon's holiday-quarter forecast leaves execution and consumer demand as the next investor focus.

Amazon.com Inc., US0231351067, Illustration mit AI erstellt.

Amazon.com Inc. reported stronger cloud momentum but a cautious holiday-quarter outlook after its third-quarter results on Thursday, October 29, 2026. Reuters reported that Amazon Web Services sales rose 39 percent to 46 billion US dollars, its fastest growth in nearly five years, while the company forecast fourth-quarter revenue below the average analyst estimate.

AWS growth meets rising investment

AWS remained the main growth engine as Amazon expanded capacity for cloud and artificial intelligence services. Reuters said Amazon expects fourth-quarter revenue between 240.0 billion and 247.0 billion US dollars, compared with an analyst average of 244.51 billion US dollars.

The same report said Amazon maintained its annual capital-spending forecast of about 220.0 billion US dollars. Trailing twelve-month free cash flow stood at a negative 42.4 billion US dollars in the September quarter, compared with positive free cash flow of 14.8 billion US dollars a year earlier. The spending profile leaves investors focused on whether demand can absorb the additional infrastructure.

Reuters said Amazon's cloud unit was growing at its fastest pace in nearly five years, while retail demand and cash generation remained important risks for shareholders.

What changed since the latest report

The latest relevant report on Amazon.com Inc. stock cited a Lang & Schwarz quote of 216.78 euros at 10:42 CET on Monday, November 2, 2026. The newer quote was 224.43 euros, a 3.53 percent difference from that reference.

Amazon.com Inc. stock traded at 224.43 euros on Lang & Schwarz at 16:11 CET on Monday, November 2, 2026. Investors can follow the real-time quote of Amazon.com Inc. stock.