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Amazon.com (AMZN) guidance and outlook
Amazon.com (AMZN) gave its guidance on Oct 29, 2026: Revenue $240.0B–$247.0B for Q4 2026; Revenue +12% to +16% for Q4 2026; Operating income $28.5B–$33.5B for Q4 2026; Capital expenditures $220.0B for FY2026. Amazon.com's 10-Q filed Oct 30, 2026 makes 21 forward-looking statements, 4 of them new and 1 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2027 | +40% | new |
| Revenue | Q4 2026 | $240.0B–$247.0B | new |
| Revenue | Q4 2026 | +12% to +16% | new |
| Operating income | Q4 2026 | $28.5B–$33.5B | new |
| Capital expenditures | FY2026 | $220.0B | new |
From the earnings release filed Oct 29, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Oct 30, 2026
- This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such as through sales to individual customers, returns to product vendors, or liquidations, and expected recoverable values of each disposition category.
- In addition, our actual and forecasted earnings are subject to
- updated · Cash capital expenditures were $34.2 billion and $75.9 billion during Q3 2025 and Q3 2026, and $89.9 billion and $172.2 billion for the nine months ended September 30, 2025 and 2026, which primarily reflect investments in technology infrastructure (the majority of which is to support AWS business growth) and in additional capacity to support our fulfillment network, both of which we expect to increase in 2026.
- new · We expect cash capital expenditures to meaningfully increase in 2027, primarily driven by investments in technology infrastructure.
- We expect to undertake additional financing activities in 2026.
- We intend to invest substantially all of our foreign subsidiary earnings, as well as our capital in our foreign subsidiaries, indefinitely outside of the U.S. in those jurisdictions in which we would incur significant, additional costs upon repatriation of such amounts.
- In addition, we will, from time to time, consider the acquisition of, or investment in, complementary businesses, products, services, capital infrastructure, and technologies, which might affect our liquidity requirements or cause us to secure additional financing, or issue additional equity or debt securities.
- There can be no assurance that additional credit lines or financing instruments will be available in amounts or on terms acceptable to us, if at all.
- These could affect customer demand for our products and services, our ability to forecast growth needs, expenses, and benefits from new technologies.
- Further, we expect to continue making additional investments in our artificial intelligence initiatives.
- updated · We expect some or all of these factors to continue to impact our results of operations into Q4 2026.
- new · We expect our cost of shipping to continue to increase to the extent our customers accept and use our shipping offers at an increasing rate, we use more expensive shipping methods, and we offer additional services.
Amazon.com's latest quarter
Amazon.com, Q3 2026: revenue $201.9B (+12% year over year), operating margin 13.9%, net earnings $20.7B, operating cash flow $42.4B. The chart follows the revenue to costs, profit and cash.
Questions
Did Amazon.com raise or lower its guidance?
Amazon.com (AMZN) gave its guidance on Oct 29, 2026: Revenue $240.0B–$247.0B for Q4 2026; Revenue +12% to +16% for Q4 2026; Operating income $28.5B–$33.5B for Q4 2026; Capital expenditures $220.0B for FY2026.
What does Amazon.com expect?
Cash capital expenditures were $34.2 billion and $75.9 billion during Q3 2025 and Q3 2026, and $89.9 billion and $172.2 billion for the nine months ended September 30, 2025 and 2026, which primarily reflect investments in technology infrastructure (the majority of which is to support AWS business growth) and in additional capacity to support our fulfillment network, both of which we expect to increase in 2026. We expect cash capital expenditures to meaningfully increase in 2027, primarily driven by investments in technology infrastructure. We expect some or all of these factors to continue to
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.