Amazon Q3 Earnings: AWS AI Boom, Ad Miss, Robotics Scale
Amazon's Q3 results showed explosive AWS AI growth (triple-digit revenue YoY, $578B backlog) and a profitable Prime Video, but an advertising revenue miss blamed on Prime Day timing. CEO Jassy committed to massive capex expansion in 2027.
What we know
AWS AI revenue is growing triple digits YoY, with inference already accounting for over half of AWS AI revenue — an account on X. The AWS backlog stands at $578B growing triple digits YoY, with Amazon's $220B 2026 CapEx expected to rise 'meaningfully more' in 2027 — several accounts on X. Bedrock is the fastest-growing multibillion-dollar service in AWS history, with Fortune 500 spending up 7x YoY and total token volume up 17x YoY — another account on X. Amazon now has over 1 million robots in fulfillment and is exploring robotic last-mile delivery — another account on X. Advertising came in at $19.64B vs $20.82B expected, with the earlier Prime Day cited as the culprit — another account on X. Trainium demand is so strong Amazon plans to sell chips outside AWS by late 2027 — another account on X. Prime Video is profitable with a tens-of-billions revenue run rate — another account on X. Leo satellite internet remains on track for end-of-2026 — another account on X.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.