"When the company reported Q3 earnings on Oct. 30, it beat on the top and bottom lines, with EPS of $1.95 vs. an estimated $15.7, and revenue of $180.17 vs. $177.80 estimated. Meanwhile, revenue from Amazon Web Services was $33 billion and revenue from advertising was $17.7 billion. Concerns about the company's enormous AI CapEx remain, but after the Q3 earnings call, the stock was rewarded by bullish investor sentiment, hitting its first record high since February 2025."
"In October, leaked documents revealed that the company is aiming to replace around 600,000 Amazon jobs with robots, with the management team estimating that the effort could trim 30 cents off each item purchased via the e-commerce giant by 2027. In July, the company deployed its 1 millionth robot while also deploying its new AI foundation model to power its robotic fleet."
Shares of Amazon gained 3.46% over the past five trading sessions after losing 2.66% the five prior, bringing year-to-date gain to 5.41%. Over the past year, AMZN is up 3.15% following an all-time high on Nov. 3, 2025. Q3 earnings on Oct. 30 beat top and bottom lines, with EPS of $1.95 vs. an estimated $15.7 and revenue of $180.17 vs. $177.80 estimated; AWS revenue was $33 billion and advertising revenue was $17.7 billion. Management plans extensive robotics deployment targeting roughly 600,000 job replacements and deployed its 1 millionth robot. Concerns persist around large AI CapEx, while AWS and emerging segments and the planned Nova AI model aim to drive operating income growth and competitive positioning.
Read at 24/7 Wall St.
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