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Amazon’s Strong Q3 Performance
Amazon (NASDAQ: AMZN) reported its third-quarter earnings on [insert date], revealing a revenue of $180.2 billion, a 13.4% increase from the previous year and surpassing estimates of $177.76 billion. The company’s adjusted operating income rose to $21.7 billion, marking a 25% growth compared to last year’s figures. Notably, its Amazon Web Services (AWS) segment grew by 20% to $33 billion, with CEO Andy Jassy indicating it is experiencing its fastest growth rate since 2022.
With significant investment in AI, Amazon’s Trainium chip business grew by 150% quarter over quarter. The company projects revenue growth of 10%-13% for the upcoming quarter, aiming for $206 billion-$213 billion. Following the earnings report, Amazon’s stock surged by 12% in after-hours trading.
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