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$Amazon(AMZN.US) -6% AH Amazon after 3Q net sales missed and Operating Income beat ests, while AWS revs beat. 4Q guidan…

$Amazon(AMZN.US) -6% AH Amazon after 3Q net sales missed and Operating Income beat ests, while AWS revs beat. 4Q guidance for Revs and Operating Income were below expectations. 2026FY CapEx guidance of $220M was re-affirmed even as 3Q Capex came in high.

THIRD QUARTER RESULTS

- Revs $201.9B vs $202.3B est

- EPS $1.89 vs $1.97 est

- Operating income $28.1B vs $26.1B est

- CapEx $77.3B vs $58.8B est

- AWS $46.0B vs $45.7B est

- Online stores $68.5B vs $69.6B est

- Advertising $19.6B vs $20.9B est

- Operating margin 13.9% vs 12.9% est

- North America operating margin +7.7% vs 6.6% est

- Internat’l oper. margin 3.7% vs 3.56% est

- CapEx $77.3B vs $58.9B est, but kept FY’26 CapEx at prior guide of $220B

FOURTH QUARTER FORECAST

- Net sales $240.0B-$247.0B vs $244.5B est

- Operating income $28.5B-$33.5 billion, vs $32.99B est

Conf call 5pm ET

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