Amazon (AMZN) Stock Hits Record High on Strong Q3 Earnings and AWS Growth
Amazon shares surged 11% to an all-time high following a third-quarter earnings beat, with EPS reaching $1.95 against estimates of $1.57. Total revenue climbed 13% to $180.17 billion, exceeding analyst expectations.
Amazon Web Services drove nearly two-thirds of operating profit, posting 20% revenue growth. The company's digital advertising segment also delivered robust performance with 24% growth to $17.7 billion.
Amazon continues aggressive AI investment, raising its 2025 capex guidance to $125 billion from $118 billion. CFO Brian Olsavsky signaled further increases in 2026, with Wall Street viewing AWS's performance as a potential inflection point in its cloud competition with Microsoft Azure and Google Cloud.