- EPS estimate $1.97, revenue $202.2B, AWS growth 37%.
- Google cloud +103%, Azure +48%.
- Amazon capex $220B for 2026.
Amazon reports Q3 earnings after the close. Focus on AWS growth and AI capex plans. Cloud rivals Microsoft and Google posted strong cloud results, seen as positive for AWS. Amazon's capex is $220 billion. Free cash flow negative. Stock down 3%.
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