| AMZN |
Report |
AWS revenue |
BEAT |
pred ~$41.1B vs. cons $40.5B |
MEDIUM |
| AMZN |
Report |
AWS operating margin |
BEAT |
pred ~34.6% vs. cons 33.8% |
MEDIUM |
| AMZN |
Report |
Consolidated operating income |
BEAT |
pred ~$24.3B vs. cons $23.6B |
MEDIUM |
| AMZN |
Guide |
Q3 revenue guidance midpoint |
UNCHANGED |
guide ~$203.0B vs. cons $203.0B (Q3 2026) |
MEDIUM |
| AMZN |
Guide |
Q3 operating income guidance midpoint |
LOWER |
guide ~$21.8B vs. cons $23.0B (Q3 2026) |
MEDIUM |
| AMZN |
Guide |
AWS growth commentary |
BETTER |
guide ~33% vs. cons 32% (Q3 2026) |
LOW |
| AMZN |
Guide |
Capital expenditures |
LOWER |
guide ~$210.0B vs. cons $207.4B (FY 2026) |
MEDIUM |
| AMZN |
Return |
Day-1 residual (stock − beta × S&P 500) |
+2.8% |
— |
MEDIUM |
| AMZN |
Return |
5-day cumulative residual |
+1.2% (FADE) |
Q2 AWS and operating-income beats support an initial +2.8% residual, but a Q3 operating-income guide of ~$21.8B vs. $23.0B consensus and FY2026 capex of ~$210.0B vs. $207.4B consensus trigger out-period earnings and free-cash-flow cuts, fading the cumulative residual to +1.2% by day 5. |
MEDIUM |