[DEVELOPING] Amazon misses Q3 estimates; AWS grows 39% as trailing free cash flow reaches -$42.4B
Amazon reported Q3 EPS of $1.89 against $1.96 expected and revenue of $201.94B against $202.31B expected. AWS revenue rose 39% to about $45.98B, its sixth straight quarter of faster growth, and per CNBC's summary management guided to 40%+ AWS growth in 2027 and 2028. Amazon kept its 2026 capex target at $220B, and trailing 12-month free cash flow was -$42.4B. The shares fell about 7% before the open on Oct 30 but closed at $240.35, down 1.41% (Motley Fool). What to watch: whether investors keep looking past the hit to free cash flow from AI spending; CNBC reports analysts kept bullish ratings but made mixed target changes.