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Amazon shares dip after earnings miss, but Jim Cramer advises buying on strong AWS growth and record margins.

Company Fundamentals
02 Nov 2026, 00:07 WIB
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Amazon shares dip after earnings miss, but Jim Cramer advises buying on strong AWS growth and record margins.

Amazon's stock fell after its Q3 earnings showed revenue and EPS slightly below estimates, and guidance for Q4 sales was also cautious. However, Jim Cramer recommends buying the stock, highlighting strong growth in Amazon Web Services (AWS), which posted a 39.3% revenue increase and a record 13.9% operating margin. AWS's backlog is large, and CEO Andy Jassy expects over 40% growth in 2027 and 2028. Despite heavy capital spending impacting free cash flow, the stock trades at a reasonable forward multiple near 23x 2027 earnings estimates. Investors should watch AWS growth, Q4 operating income, and 2027 capital expenditures for signs of sustained strength.

As of Nov 02, 2026 05:21 WIB, Amazon's stock on Pluang is priced at USD 240.35, down 1.41% for the day. The stock holds a significant market cap of $2.60 trillion and an enterprise value of $2.76 trillion, reflecting its large scale despite recent earnings misses. Trading volume is robust at over 104 million shares, with investors typically holding the stock for 128 days.

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