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Amazon.com Inc. (AMZN) earnings date & stock reaction

Amazon.com Inc. · E-commerce

Amazon.com Inc. earnings date & time

Next earningsThu, October 29 around 4:00 PM ET, after the closescheduled

Schedule

Korea time (KST)
Fri, October 30
Reporting pattern
12 of last 12 after close
Typical move
±6.3% · 12-report avg

What the market expects

Consensus EPS

$1.95Coming in above this counts as a beat

Year-ago quarter
$1.95→+0.0%
Guided revenue
$200.6B→$199.5B-0.6%
Full earnings calendarFrom an earnings calendar
Latest reportApr–Jun 2026 results· July 30, 2026 reported
EPS consensus $1.83 → $5.75 ▲ +215.0% beatRev $167.7B → $200.6B +20% YoY
Post-earnings price move
Next-day move
+15.3%
After 5 days
+15.6%
Price around earnings
Around this report
Overlapped an FOMC holdThis report landed on a US Federal Reserve rate-decision day. Rate decisions move the whole market, so the move may reflect the decision, not just earnings. A cut is not always good or a hike always bad. Crisis cuts fell, and hikes in a strong economy often rose.
Earnings callRecord AWS growth and profitability improvement driven by AI investment
“AWS is booming, growing 36.7% year-over-year in Q2 our fastest growth in 18 quarters and our AI and Chips businesses each eclipsed run rates of more than $25 billion.”
· Andy Jassy, CEO
Positives
  • ▲Record-breaking growth in AWS
    • AWS revenue grew 37% vs last year to $42.2 billion, marking the fastest growth in 18 quarters.
    • AWS operating income reached $16.6 billion, significantly up from $10.2 billion vs last year.
  • ▲Significant improvement in operating income
    • Operating income hit $27.5 billion, a 43% increase compared to $19.2 billion vs last year.
    • Operating income for North America and International segments grew to $9.1 billion and $1.7 billion, respectively.
  • ▲Rapid revenue contribution from AI
    • AWS AI and chips businesses each surpassed a $25 billion annual run rate with triple-digit growth vs last year.
    • Amazon Bedrock added more customers in the last six months than in the first two years since launch.
Concerns
  • ▼Negative free cash flow
    • Trailing twelve-month free cash flow turned to an outflow of $7.6 billion due to AI investments, compared to an inflow of $18.2 billion vs last year.
  • ▼Deceleration in Q3 revenue outlook
    • Q3 revenue guidance expects 9% to 12% growth vs last year, which is significantly lower than the 20% growth achieved this quarter.
  • ▼Net income boosted by one-time gains
    • Net income of $62.6 billion includes a $53.4 billion pre-tax gain from Anthropic investments, inflating the bottom line.
Based on the Jul 30, 2026 earnings release. Quotes are verbatim.

Amazon.com Inc. (AMZN) rose the day after earnings in 7 of its last 12 reports (58%), moving ±6.3% on average. It has fallen despite beating the consensus estimate 4 times.

Up next day
7/12
58%
Fell despite growth
5/12
Good earnings ignored
Price when beating
+2.5%
avg over 11 beats
Price when missing
—
never missed
Avg earnings move
±6.3%
typical swing on earnings
Biggest single move
+15.3%
'26.7 · largest reaction
🔑What actually moves this stock?

Even when EPS beat expectations, the stock fell 5 of the last 12 times. The number alone doesn't move it.

What really matters here
How fast AWS grows: the profit engine, not retail
In finance terms: AWS growth · ads · margin
Growth · AWS (YoY by quarter, latest right)
+19%
25-02
+17%
25-05
+20%
25-10
+24%
26-02
+28%
26-04
+37%
26-07
Accelerating · Growth is accelerating (+19%→+37%), but this stock often falls even on strong results (5 recent times). Expectations are already high, so accelerating isn't enough. It must beat a lofty bar.
This company spent ~$169B on AI capex over the past year (+64% YoY). The catch: capex (+64%) is outgrowing revenue (cloud +37%). The market worries about the payoff. Unless revenue catches up to the capex ramp, the stock can fall even on a beat.
What to watch next report

When results drop, skip the EPS number. Check if the growth above holds or accelerates, and whether guidance beats expectations.

The real bar for this stock

Beating estimates isn't enough. Here's where the real surprise started.

Beat consensus 12 of 12 times. Beating is the default here
Median beat +25.2%. 5 of those beats still fell the next day.

How this stock reacts to earnings

Traits seen across its recent earnings reactions

Beating estimates doesn't always lift it
Up the next day 7 of 11 beats (64%)
Tends to keep drifting the same way for days
Day-one direction continued · 58% of last 12

Earnings number vs guidance: which drives it?

How often the beat/miss matched the actual price move

The number and guidance move the price about equally
Moved opposite to results 4 of last 11 times (36%)
4xBeat but fell
Even a beat sells off if guidance disappoints
0xMissed but rose
Even a miss rebounds if guidance reassures
Fell despite growth5/12

4/11 beats fell next day · watches AWS growth · ads · margin

Next-day reaction
  • Jun 2026 report+15.3%
  • Mar 2026 report+0.8%
  • Dec 2025 report-5.5%
  • Sep 2025 report+9.6%
  • Jun 2025 report-8.3%
  • Mar 2025 report-0.1%

Earnings timeline · bars = next-day move, ▲▼ = beat/miss

Apr–Jun 2026 results
Reported 2026-07-30
Next-day move
+15.3%
After 5 days +15.6%
EPS consensus $1.83 → $5.75 ▲ +215.0% beatRev $167.7B → $200.6B +20% YoY
Next-Q guidance-1%· ~$199.5B est.
AWS
+37%
Price around earnings
Around this report
Overlapped an FOMC holdThis report landed on a US Federal Reserve rate-decision day. Rate decisions move the whole market, so the move may reflect the decision, not just earnings. A cut is not always good or a hike always bad. Crisis cuts fell, and hikes in a strong economy often rose.

Earnings trend · last 12 quarters

EPS$5.75YoY +242%
'23.10'26.7
Revenue$200.6BYoY +20%
'23.10'26.7

Earnings history and price reaction

Amazon.com Inc. across its last 12 earnings reports: EPS versus consensus, the move on the earnings day, and the cumulative move five trading days later.
Quarter endedReported (ET)vs market expectation (consensus)Earnings dayAfter 5 days
6/20262026-07-30+215.0%†+15.3%+15.6%
3/20262026-04-29+68.2%+0.8%+4.5%
12/20252026-02-05+0.2%-5.5%-10.4%
9/20252025-10-30+25.2%+9.6%+9.1%
6/20252025-07-31+26.1%-8.3%-4.7%
3/20252025-05-01+17.1%-0.1%+1.0%

12 reports, quarters ending 9/2023 to 6/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.

Frequently asked questions

When is the next Amazon.com Inc. earnings date?

The next Amazon.com Inc. (AMZN) earnings report is expected Thu, October 29 around 4:00 PM ET, after the close. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.

What is the consensus EPS forecast for Amazon.com Inc.'s next earnings?

Analysts expect EPS of about $1.95 for Amazon.com Inc. (AMZN). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.

Does Amazon.com Inc. (AMZN) stock usually go up after earnings?

Over the last 12 earnings reports, the stock rose on 7 of them (58%). The average move on earnings day was ±6.3%.

Does Amazon.com Inc. react more to the earnings numbers or to guidance?

In 4 of the last 11 reports (36%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.

Can Amazon.com Inc. stock fall even when earnings are good?

Yes. In 5 of the last 12 reports, Amazon.com Inc. fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.

Does Amazon.com Inc. stock keep moving after the earnings day?

Over the last 12 reports, the move continued in the same direction for the following five trading days 58% of the time. This tendency is known as post-earnings announcement drift.