Amazon Q3 $180B; AWS Growth, $100B Capex, Layoffs

Amazon topped expectations in Q3, reporting $180.2 billion in revenue, $1.95 EPS and $21.2 billion in net income, and its shares rose about 10% in after‑hours trading. Amazon Web Services reaccelerated to roughly 20% growth to $33 billion, its fastest pace since 2022, driven by demand for AI and core infrastructure. The company signaled more than $100 billion in planned data‑center capital expenditures, adding over 3.8 gigawatts of capacity, expanding custom Trainium2 chips and building Project Rainier to close the gap with Microsoft and Google. Operating income was $17.4 billion and would have been $21.7 billion excluding a roughly $2.5 billion FTC settlement and about $1.8 billion of severance, and Amazon said it will eliminate roughly 14,000 roles as it reorganizes around AI. Advertising revenue rose about 24% to $17.7 billion; management cited faster fulfillment and Prime content wins, and guided holiday‑quarter net sales of $206 billion to $213 billion.