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Amazon's Q3 earnings on Oct 29 expected to boost stock, driven by AWS growth, not just earnings beat.

Company Fundamentals
20 Oct 2026
24/7 Wall Street
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Bullish
Amazon's Q3 earnings on Oct 29 expected to boost stock, driven by AWS growth, not just earnings beat.

Amazon reports Q3 earnings on October 29, with a strong historical pattern of stock gains on earnings days. The key investment driver is AWS, which has accelerated revenue growth from 20% to 37% in recent quarters, generating $42.23 billion at a 39.4% margin and a $496 billion backlog. Amazon's broad revenue growth, strong financial health, and long-term compounding record support its investment case. Despite free cash flow challenges due to heavy capex, AWS's momentum and reserved AI capacity suggest continued growth potential. Investors will watch Q3 results for signs of sustained AWS expansion.

As of Oct 20, 2026 22:02 WIB, Amazon (AMZN) trades at USD 263.97 on Pluang, showing a modest 0.58% gain over the past day. The stock holds a substantial market cap of $2.83 trillion with a high trading volume of over 54 million shares, reflecting significant investor interest ahead of its Q3 earnings report. Despite a majority of Pluang users currently selling (76%), the typical holding period of 128 days suggests many investors maintain a longer-term view on Amazon shares.

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