Amazon announced its earnings report after the market closed on Thursday, with a revenue expectation of a year-on-year increase of 12.25%

Amazon will announce its earnings report after the U.S. stock market closes on Thursday. Whether AWS's growth rate can return to above 40%, along with the $22 billion capital expenditure and advertising monetization efficiency, will be the focus of the earnings report. The forecast for Q3 of fiscal year 2026 is a single-quarter revenue of $20.244 billion, expected to grow by 12.25% year-on-year; the net profit forecast is $21.363 billion, expected to grow by 0.83% year-on-year.

Bank of America expects AWS revenue to grow by 40% year-on-year, higher than the market's general expectation of 38%; HSBC expects its operating profit to reach $27 billion, with sales slightly above the upper guidance limit. JPMorgan believes that the expansion of AWS profit margins and improvements in retail business efficiency will continue to drive profit growth, while Morgan Stanley emphasizes the retail business's layout in the smart agent commerce field and the market position of the Bedrock AI platform.