AMAZON COM INC — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
Q3 2026 net sales increased 12% YoY to $201.9B (or 13% ex-FX), with operating income surging 61% to $28.1B—highest operating margin ever at 13.9%. AWS led growth at 39% YoY to $46.0B revenue ($184B annualized run rate), with operating income up 55% to $17.8B. North America sales grew 6% to $112.9B, International 5% to $43.1B. However, free cash flow swung to negative $42.4B TTM (vs. positive $14.8B prior year) due to $94.8B YoY increase in capex, primarily AI infrastructure investments. Net income Q3 decreased to $20.7B from $21.2B, mainly due to absence of $9.5B Anthropic investment gains from Q3 2025.
Why this rating
AWS acceleration at 39% growth and record margins are transformational for a $2.1T company, but offset by massive capex burn ($210.7B TTM). Significant short-term. Material relative to company size given AWS's $48.6B operating income contribution.
Price action (we called it positive)
before filing · preread $221.57 | at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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