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High Impact

AMAZON Q3 AWS NET SALES $45.98 BLN, ABOVE ESTIMATE OF $45.68 BLN, WITH AWS NET SALES EX-FX UP 39%, ABOVE ESTIMATE OF +38%

📅
🏷Markets
📰via FS
✍️Edited by Luís Barata

Amazon reported third-quarter AWS net sales of $45.98 billion, beating the consensus estimate of $45.68 billion, while AWS sales excluding foreign exchange effects grew 39% against an expected 38%. The beat points to sustained demand for cloud infrastructure and AI-related compute, which feeds directly into investor expectations for AMZN's margin trajectory, since AWS has historically carried a disproportionate share of Amazon's operating profit. Because the upside was modest in absolute terms, the stock's reaction will depend heavily on whether operating margin and forward guidance confirm that growth is translating into profitability, rather than being driven by capacity-heavy spending. AMZN, and by extension large-cap cloud and hyperscale peers such as Microsoft and Alphabet, are the most directly exposed, as the print sharpens the competitive read on cloud market share and capital intensity. Traders should watch the company's capital expenditure commentary and the consensus revisions to Q4 AWS growth that follow, as these will indicate whether the 39% pace is considered durable.

Source: Originally reported by FS at October 29, 2026. Summary and market context by Trading News Terminal editorial.

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