
Amazon's Q3 EPS of $1.89 missed the $1.97 consensus and revenue of $201.9B came in just light, even as AWS grew 39% to $46B. Trailing free cash flow swung to -$42.4B after $77B of quarterly capex, and Q4 operating-income guidance of ~$31B missed the $33.2B expected. Amazon held its $220B 2026 capex plan.