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Amazon shares drop 7% after Q3 earnings miss despite strong cloud growth forecast

Company Fundamentals
30 Oct 2026, 02:55 WIB
Market Watch
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Bearish
Amazon shares drop 7% after Q3 earnings miss despite strong cloud growth forecast

Amazon reported third-quarter revenue of $201.9 billion, slightly below analyst expectations of $202.2 billion, with earnings per share at $1.89 versus the expected $1.97. The company forecasted its cloud business to grow 40% annually in 2027 and 2028, but weak advertising growth and modest AWS results disappointed investors. As a result, Amazon's shares fell nearly 7% in after-hours trading. The mixed earnings highlight challenges outside Amazon's cloud segment despite strong future growth projections for AWS.

Amazon shares dropped 11.12% on Pluang as of Oct 30, 2026, 07:11 WIB, trading at USD 226.30. The stock's market cap stands at $2.75 trillion with a 52-week range between $198.79 and $284.02. Pluang data shows a balanced order activity with 40% Sell and 60% Buy, reflecting mixed investor sentiment.

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