Overview
- Amazon posted EPS of $1.95 on revenue of $180.2 billion, topping estimates of $1.57 and $177.8 billion, respectively.
- AWS grew 20% year over year to roughly $33 billion as customers ramped spending on AI infrastructure and services.
- The company guided fourth-quarter sales to $206 billion to $213 billion, bracketing Wall Street’s consensus near $208 billion.
- Shares jumped about 10% to new highs, with multiple analysts raising price targets, and Jeff Bezos’ net worth increased by roughly $24 billion.
- Management confirmed about 14,000 corporate job cuts and highlighted logistics upgrades including three-hour delivery in select cities, expanded rural delivery, and new inbound cross-dock capacity.