Amazon posts $42.4 billion cash outflow, keeps 2026 capex at $220 billion

Amazon reported third‑quarter earnings on Thursday, revealing a $42.4 billion negative free cash flow for the trailing twelve months and confirming its 2026 capital‑expenditure target of $220 billion, according to CNBC.

What cash flow and capex outlook did Amazon give?

Amazon said it expects 2026 capital spending to stay at $220 billion while posting a $42.4 billion cash outflow for the last twelve months, CNBC reported. The negative free cash flow marked the second consecutive quarter of outflows and represented a 386% year‑over‑year increase.

How did Amazon's cloud and retail businesses perform?

AWS revenue grew 39% year over year to $45.98 billion, topping Wall Street forecasts, while online sales rose 2% to $68.47 billion, falling short of the $69.68 billion estimate, CNBC noted. Advertising revenue reached $19.64 billion, also missing the $20.82 billion consensus.

What guidance and market reaction followed the report?

Amazon projected fourth‑quarter revenue between $240 billion and $247 billion, aligning with consensus estimates, and its shares dropped more than 7% in extended trading, CNBC said.