Amazon.com, Inc. · AMZN · Next earnings

Amazon.com, Inc. reports Thursday, Oct 29, 2026

AMZN reports after market close with consensus EPS at $1.96 and revenue at $202.12B. Last quarter: AWS Hits 28% Growth as Trainium Commitments Top $225B

Reports After market close39 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $1.96 Calendar consensus
Consensus revenue $202.12B Calendar consensus
Report date Oct 29, 2026 Thursday, date estimated
Session After market close 39 days away

Where AMZN left off: FY2026 Q1

Full report

AWS Hits 28% Growth as Trainium Commitments Top $225B

EPS surprise +70.6% Reported $2.78 vs $1.63
Revenue surprise +2.4% Reported $181.52B vs $177.28B
Stock move +0.8% Event window
Subsequent drift +2.1% Up to 20 sessions

Management maintained Q2 guidance within previously set ranges. Capital expenditure outlook is increasing as Amazon invests in AI infrastructure, data centers, and the LEO satellite constellation. Commercial launch of Amazon LEO is targeted for Q3 2026.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Foreign-exchange and energy price volatility
  • Memory and storage component price inflation affecting supply chain and CapEx
  • High capital expenditures outpacing revenue growth in the near term
  • Intense competition in cloud, AI chips, and advertising markets
  • Geopolitical and trade policy uncertainties

Questions analysts left open

  • Depth and breadth of AWS backlog beyond the large AI labs
  • Timing and scale of Trainium rack sales to external customers
  • Impact of rising memory/storage costs on CapEx and margins
  • Adoption pace of agentic commerce and Rufus effectiveness
  • Revenue timeline and cost structure for Amazon LEO commercial launch

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Recent AMZN quarters

All AMZN earnings
+0.8%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.