Amazon Forecasts Q4 Sales of $240 Billion to $247 Billion as AWS Growth Hits 39.3%
Updated
Updated · The Guardian · Oct 29
Amazon Forecasts Q4 Sales of $240 Billion to $247 Billion as AWS Growth Hits 39.3%
3 articles · Updated · The Guardian · Oct 29
Summary
Amazon projected fourth-quarter sales of $240 billion to $247 billion, a range that brackets Wall Street’s $244.16 billion estimate and sent the stock down more than 6% after hours.
Third-quarter results also missed expectations: earnings fell to $1.89 a share from $1.95 a year earlier on revenue of $201.94 billion, versus analysts’ forecasts for $1.97 and $202.2 billion.
AWS was the bright spot, with sales growth accelerating to 39.3% from 37% in the prior quarter — Amazon’s fastest cloud expansion in nearly five years.
The report lands as investors test whether Amazon’s AI spending is paying off after Andy Jassy lifted this year’s capital-spending plan to $220 billion from $200 billion, saying capacity still will not meet all demand.
Broader AI-capex anxiety has intensified after Alphabet’s weaker growth and heavier cash burn, underscoring why Amazon’s holiday outlook mattered more to investors than its cloud momentum.