Amazon.com stock heads toward October 29 earnings with AWS in focus
Published on 10/06/2026 at 13:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Amazon.com stock closed at USD 251.40 on Nasdaq on October 5, 2026, as the company approaches its next earnings report on October 29, 2026. Zacks lists October 29, 2026, as the expected release date for the quarter ending in September 2026. That date gives the market a clear test of whether Amazon can sustain its recent profit expansion.
Q2 results raise the bar
Amazon reported Q2 2026 revenue of USD 200.61 billion, up 19.6 percent from the prior-year quarter, according to MarketBeat. Diluted earnings per share reached USD 5.75, compared with a consensus estimate of USD 1.82, producing a USD 3.93 beat.
The earnings mix was unusually important. Amazon's Q2 operating income reached USD 27.46 billion and net income was USD 62.66 billion, while AWS generated USD 42.23 billion of revenue and USD 16.62 billion of operating income in the same quarter.
AWS sets the next test
TD Cowen's October 5, 2026, view puts AWS at the center of the next report. According to Investing.com, the firm reiterated a Buy rating and USD 350.00 price target while forecasting Q3 revenue of USD 202 billion and operating income of USD 27.6 billion.
That forecast implies a sharper operating focus than revenue alone. TD Cowen expects AWS growth to accelerate to 41 percent in Q3 from 37 percent in Q2, while its operating-income estimate sits 4 percent above the high end of Amazon's Q3 guidance range.
Consensus stays above the market
MarketBeat reports a Moderate Buy consensus from 59 analysts, including 56 Buy ratings and three Holds, with an average price target of USD 321.63. The average target lies 27.9 percent above the October 5 price of USD 251.40, making the October 29 report the next major valuation checkpoint.
The counterweight is capital intensity. Amazon's Q2 operating cash flow reached USD 45.39 billion, but the company's expanding artificial intelligence and data-center buildout keeps the relationship between AWS growth, operating income and free cash flow central to the upcoming results.
Amazon stock stays below its yearly high
Amazon closed at USD 251.40 on Nasdaq on October 5, 2026, after trading between USD 250.18 and USD 254.53 during the session. The 52-week range was USD 196.00 to USD 287.20, with market capitalization at USD 2.7 trillion and volume at 37,819,808 shares.
Amazon.com stock details
- Company: Amazon.com, Inc.
- ISIN: US0231351067
- Ticker: AMZN
- Trading venue: NASDAQ
- Price (as of October 5, 2026, 4:00 p.m. EDT): Closing price USD 251.40
- Market capitalization: USD 2.7 trillion (as of October 5, 2026)
- 52-week range: USD 196.00-287.20 (as of October 5, 2026)
- Sector / Industry: Consumer Cyclical / Internet Retail
Upcoming dates for Amazon.com stock
- October 29, 2026: Q3 2026 earnings report
