# AWS growth accelerates as Amazon misses earnings and trims outlook

- URL: https://talkfuse.com/story/amazon-gives-wall-street-mixed-financial-picture-in-earnings-report/
- Published: 2026-10-29T21:23:02+00:00
- Updated: 2026-10-29T22:24:08+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/technology/2026/oct/29/amazon-earnings-report-mixed-picture
- Topics: Americas, Art, Business, Companies, Culture, Technology, Travel, World

## Key points

- AWS sales growth accelerated to 39.3%.
- Amazon’s third-quarter results missed analyst expectations.
- Holiday-quarter sales forecast fell short of expectations.

## Summary

Amazon reported strong growth in its cloud computing business but gave a cautious forecast for the holiday quarter after third-quarter earnings fell short of Wall Street expectations. The results left investors weighing AWS’s momentum against uncertainty over the company’s core retail business and its heavy investment in artificial intelligence.

AWS sales rose 39.3% in the quarter ending 30 September, the fastest rate in nearly five years. Amazon reported net income of $20.69bn, or $1.89 a share, and sales of $201.94bn, both below analysts’ expectations; it forecast fourth-quarter sales of $240bn to $247bn, versus expectations of $244.16bn. The company expects to spend $220bn this fiscal year, mostly on AI, and plans to hire 300,000 US seasonal workers, up from 250,000 last year.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.