Amazon Shares Jump After Q3 Beat as AWS Rebounds

Amazon beat third-quarter expectations, reporting EPS of $1.95 versus $1.58 expected and revenue of $180.2 billion, with AWS revenue up about 20% to $33.01 billion. The company guided fourth-quarter net sales to roughly $206–$213 billion (midpoint near $209.5 billion) and gave operating income guidance of $21–$26 billion. Shares jumped about 9–10% in after-hours trading, and options and analysts turned more bullish as UBS raised its price target, kept a Buy rating and called the stock a “coiled spring.” Analysts say the AWS acceleration eases pressure from weaker retail growth and strengthens Amazon’s AI/cloud narrative even as Microsoft and Google expand AI data-center capacity. Big AI customer deals, including Anthropic’s pact for custom Amazon chips, underscore cloud momentum, though Amazon still trails some peers year-to-date amid intense competition.