AMZN +10%: Hello acceleration my old friend! AWS re-accelerates to 20.2%; beat/raise; strong Q4 guide
So far, exactly what bulls wanted to see, especially on AWS but rest of #s v solid too. Jassy just needs to not flub things up on the call.
Q3: Revenue $180.2B (+13% y/y) vs cons street $177B; AWS +20% y/y to $33.0B vs bogeys of 19%; operating income $21.7B ex special charges; EPS $1.95; NA +11%, Int’l +14%.
Capacity: “Adding >3.8 GW in the past 12 months” to meet AI/infra demand.
Q4 guide: Revenue $206–$213B (10–13% y/y) vs street at $208B; operating income $21–$26B (mid above buyside bogeys).
NFLX announces 10-1 stock split
AAPL +1% as results were largely in line but fell short of investor hopes for a multi-billion upside given strong iPhone 17 checks. What looks like the initial guide looks better…
GMs beat despite fears of a miss given higher commodity prices. iPhone sales missed expectations, and weakness in China offset strength in Europe.
Looks like guide is out before the call and looks good - can’t confirm this so take fwiw….
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