Amazon | 10-Q: FY2026 Q3 Revenue: USD 201.94 B

Revenue: As of FY2026 Q3, the actual value is USD 201.94 B, compared to the market estimate of USD 202.28 B.

EPS: As of FY2026 Q3, the actual value is USD 1.89, compared to the market estimate of USD 1.9579.

EBIT: As of FY2026 Q3, the actual value is USD 27.57 B.

North America Segment

• Net Sales: $112,852 million in Q3 2026 (up 6% YoY); $333,172 million for the nine months ended September 30, 2026 (up 11% YoY).
• Operating Income: $8,723 million in Q3 2026; $26,113 million for the nine months ended September 30, 2026.
• Segment Assets: $260,584 million as of September 30, 2026.
• Property and Equipment, Net: $145,087 million as of September 30, 2026.
• Depreciation and Amortization: $4,566 million in Q3 2026; $13,346 million for the nine months ended September 30, 2026.

International Segment

• Net Sales: $43,108 million in Q3 2026 (up 5% YoY); $125,094 million for the nine months ended September 30, 2026 (up 13% YoY).
• Operating Income: $1,580 million in Q3 2026; $4,721 million for the nine months ended September 30, 2026.
• Segment Assets: $91,016 million as of September 30, 2026.
• Property and Equipment, Net: $36,263 million as of September 30, 2026.
• Depreciation and Amortization: $1,346 million in Q3 2026; $3,916 million for the nine months ended September 30, 2026.

Amazon Web Services (AWS) Segment

• Net Sales: $45,984 million in Q3 2026 (up 39% YoY); $125,803 million for the nine months ended September 30, 2026 (up 35% YoY).
• Operating Income: $17,773 million in Q3 2026; $48,555 million for the nine months ended September 30, 2026.
• Segment Assets: $419,594 million as of September 30, 2026.
• Property and Equipment, Net: $313,009 million as of September 30, 2026.
• Depreciation and Amortization: $9,230 million in Q3 2026; $24,583 million for the nine months ended September 30, 2026.

Consolidated Operational Metrics

• Total Net Sales: $201,944 million in Q3 2026; $584,069 million for the nine months ended September 30, 2026.
• Total Operating Expenses: $173,868 million in Q3 2026; $504,680 million for the nine months ended September 30, 2026.
• Consolidated Operating Income: $28,076 million in Q3 2026; $79,389 million for the nine months ended September 30, 2026.
• Net Income: $20,685 million in Q3 2026; $113,587 million for the nine months ended September 30, 2026.

Cash Flow

• Operating Cash Flow: $42,422 million in Q3 2026; $113,841 million for the nine months ended September 30, 2026.
• Free Cash Flow: -$42,357 million for the trailing twelve months ended September 30, 2026.
• Capital Expenditures: Purchases of property and equipment were $77,259 million in Q3 2026 and $175,670 million for the nine months ended September 30, 2026.

Unique Metrics & Strategic Investments

• Anthropic Investment: Recorded upward adjustments of approximately $62.8 billion for the nine months ended September 30, 2026, related to nonvoting preferred stock. Carrying value of Anthropic convertible notes was $146.2 billion as of September 30, 2026.
• OpenAI Investment: Invested $50.0 billion in Series C Preferred Stock during the nine months ended September 30, 2026.
• Globalstar Acquisition: Entered definitive merger agreement on April 13, 2026, implying a value of approximately $10.9 billion, expected to close in 2027.

Future Outlook and Strategy

• Q4 2026 Guidance: Net sales are expected to be between $240.0 billion and $247.0 billion (12%-16% growth YoY), with operating income projected between $28.5 billion and $33.5 billion.
• Capital Expenditure Strategy: Amazon expects 2026 cash capital expenditures to be approximately $220 billion, driven primarily by investments in technology infrastructure to support AWS growth and AI initiatives.
• Advertising Growth: Year-over-year advertising revenue is expected to grow in the high teens in Q4 2026.