EL7.AI
StocksMediumUpdated×5•Originally published 30 October 2026•Updated 30 October 2026•
1 min read

Amazon stock pares losses to 2% as AWS growth misses investor targets

Key Facts

1Amazon shares fell 7% in after-hours trading when it reported third-quarter results on October 29, 2026.
2AWS sales rose 39.3% to $46 billion in the third quarter, compared with growth of 37% in the previous quarter.
3Amazon net sales were $201.94 billion, up 12%, compared with analysts’ estimates of $202.2 billion.
4Amazon expects to spend $220 billion on capital expenditures during 2026, mostly to build data centers for artificial intelligence.
5Intel shares fell 23% in after-hours trading on October 29.

Amazon shares recovered some losses to end Friday's session on October 30, 2026, down nearly 2%. The stock faced initial pressure after growth in the Amazon Web Services unit failed to meet investor expectations, which had been set between 42% and 43%.

The company's third-quarter results showed massive capital expenditure of $75.9 billion, as reported by the Associated Press, alongside weak financial guidance for the fourth quarter. While AWS growth accelerated to 39.3%—its fastest pace in nearly five years—it remained below the specific benchmarks sought by investors.

Amazon reported total group revenue of $201.94 billion and earnings per share of $1.89, both missing analyst estimates of $202.2 billion and $1.97 per share, according to Reuters. CEO Andy Jassy reaffirmed a 2026 capital spending plan of $220 billion, primarily directed toward building data centers for artificial intelligence.

Open on chart