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Amazon.com Inc., US0231351067

Amazon stock balances AWS surge against heavy AI spending

Published on 11/11/2026 at 15:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Amazon stock enters the holiday quarter with AWS growth accelerating despite a heavy AI infrastructure build-out. Fourth-quarter guidance is next.

AWS Growth Meets AI Spending

  • AWS revenue accelerated to 39.3 percent year over year in the third quarter.
  • Amazon expects approximately 220 billion US dollars of cash capital expenditures in 2026, with AI investment weighing on free cash flow.
  • Fourth-quarter guidance puts net sales between 240 billion and 247 billion US dollars as the holiday quarter begins.
Amazon.com Inc., US0231351067, Illustration mit AI erstellt.
Amazon.com Inc., US0231351067, Illustration mit AI erstellt.

Amazon.com reported its third-quarter results on Thursday, October 29, 2026, with cloud growth accelerating but artificial intelligence investment placing renewed pressure on cash generation. The company said in its third-quarter release that AWS sales rose 39.3 percent year over year to 45.984 billion US dollars.

AWS momentum raises the spending test

AWS reached a 184 billion US dollar annualized revenue run rate, while segment operating income climbed to 17.773 billion US dollars from 11.434 billion US dollars a year earlier. Amazon said the cloud unit's growth reflected demand for core services and artificial intelligence workloads.

The investment burden is material. Free cash flow for the twelve months ended September 30 fell to an outflow of 42.4 billion US dollars from an inflow of 14.8 billion US dollars a year earlier, primarily because purchases of property and equipment increased with AI investment. Amazon continues to expect approximately 220 billion US dollars of cash capital expenditures for 2026 and said spending will rise meaningfully in 2027.

Holiday guidance sets the next test

Amazon expects fourth-quarter net sales between 240 billion and 247 billion US dollars and operating income between 28.5 billion and 33.5 billion US dollars. The midpoint of the sales range implies a holiday-quarter focus on whether retail demand and AWS momentum can offset the near-term cash burden of infrastructure expansion.

Amazon stock traded at 246.70 euros on Lang & Schwarz at 15:32 CET on Wednesday, November 11, 2026, 2.30 percent above the Xetra close of Tuesday, November 10.

Amazon.com Inc. stock facts

  • Company: Amazon.com Inc.
  • ISIN: US0231351067
  • Home ticker: AMZN
  • Xetra ticker: AMZ.XETRA
  • Lang & Schwarz price: 246.70 euros at 15:32 CET on November 11, 2026
  • Xetra close: 241.15 euros on November 10, 2026
  • Currency: Euro for the quoted share price

The wider market backdrop is tracked on the S&P 500.

More news and analysis are available on Amazon.com Inc. stock.

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