# Amazon Shares Fall On Q3 Earnings Miss As Big Tech Market Rout Continues

- URL: https://talkfuse.com/story/amazon-shares-fall-on-q3-earnings-miss-as-big-tech-market-rout-continues/
- Published: 2026-10-29T20:27:46+00:00
- Updated: 2026-10-29T21:26:26+00:00
- Original publisher: Deadline
- Original article: https://deadline.com/2026/10/amazon-q3-2026-earnings-miss-wall-street-tech-stocks-1237208697/
- Topics: Americas, Art, Business, Companies, Culture, Markets, World

## Key points

- Amazon earnings per share fell short of forecasts.
- Revenue rose 12% to $201.9 billion.
- AWS grew 39% as investors questioned AI spending returns.

## Summary

Amazon shares fell by as much as 9% in after-hours trading after its third-quarter earnings missed analysts’ forecasts, adding to a wider sell-off in technology stocks. The results renewed investor concerns about whether heavy spending on artificial intelligence will generate sufficient returns, although Amazon’s cloud unit reported strong growth.

Diluted earnings per share were $1.89, compared with $1.95 a year earlier and analysts’ forecast of $1.97. Revenue rose 12% to $201.9 billion, slightly below expectations of $202.25 billion; Amazon said earnings were affected by a $9.5 billion pre-tax gain from its Anthropic investment in the same quarter last year. AWS revenue grew 39%, while Amazon forecast fourth-quarter revenue of $240 billion to $247 billion, against an analyst consensus of $244.5 billion. The company also said the earlier timing of Prime Day reduced its reported third-quarter revenue growth by about four percentage points.

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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.