Amazon reports record operating margin as AWS sales surge 39% in Q3
Filed with the SEC on · Summarized by InvestorsBot
Amazon’s third-quarter 2026 net sales rose 12% year over year to $201.9 billion, while operating income increased to $28.1 billion and operating margin reached a company record of 13.9%; AWS sales rose 39% to $46.0 billion. Net income fell to $20.7 billion, or $1.89 per diluted share, partly because the year-ago quarter included $9.5 billion in gains from Anthropic investments, while trailing-12-month free cash flow turned negative at $42.4 billion as capital spending increased, primarily for artificial intelligence. For the fourth quarter, Amazon projects net sales of $240.0 billion to $247.0 billion, operating income of $28.5 billion to $33.5 billion, and 2026 capital expenditures of approximately $220 billion.