Think we got more on Amazon from Mackenzie Seagalos including the guidance. Mackenzie, >> let's start there on guidance. So with Q4 revenue, it's in the range of 206 billion to 213 billion putting that mid-range at 209.5% uh versus a $28.12% billion expected.And John, this would be their first $200 billion revenue quarter coming just 5 years after it crossed the 100 billion threshold. Uh moving on to Q4 operating income. It's also uh a little light there actually in the range of 21 to 26 billion.So that's 2 ...

Capital Expenditure (CAPEX) - 公司预计全年资本支出约为 1250 亿美元 [1] - 资本支出预计在 2026 年将进一步增加 [1] - 资本支出主要用于支持 AWS 的 AI 需求 [1] - 公司正在加大对内部 AI 芯片 Tranium 的投资 [1] - 公司的年度资本支出低于微软的 1400 亿美元 [1] AI Investment - 公司 CEO 正在讨论 Project Rainer，这是一项大型 AI 投资项目 [2] - 公司正在与 Anthropic 密切合作 [2]

Guidance and Revenue - Q4 revenue guidance is projected to be between $206 billion and $213 billion, with a midpoint of $209.5 billion, compared to an expected $28.12 billion [1] - This quarter marks the first time the company is expected to exceed $200 billion in revenue, achieving this milestone just five years after surpassing the $100 billion mark [1] Operating Income and E-commerce Performance - Q4 operating income is expected to be in the range of $21 billion to $26 billion, with a midpoint of $23.5 billion, slightly below the expected $23.8 billion [2] - The online store revenue shows strength, beating expectations at $67.14 billion versus $66.94 billion, reflecting an 8% year-over-year growth [2] North America and Advertising Services - North America revenue also exceeded expectations at $106.3 billion, indicating a healthy domestic market [2] - Advertising services revenue is one of the fastest-growing segments, beating expectations at $17.7 billion versus $17.34 billion, with a year-over-year growth of 22%, remaining flat from the previous quarter [3]

Core Insights - The company expects its full-year capital expenditure (capex) to be approximately $125 billion, with an anticipated increase in 2026 primarily directed towards AWS to support AI demand [1] - The company is also investing more in its in-house AI chips called Tranium, although this investment trails Microsoft's annual capex spend of $140 billion [1] - The CEO discussed a significant AI investment project named "Project Rainer," which involves collaboration with Anthropic [2]

The company beat top and bottom line estimates. Cloud revenue growth was up 20%. That was well above expectations and higher than last quarter's growth.Let's uh bring in CBC's Mackenzie Sagalas for the details. Mac. So Mel, Amazon stock trades on cloud.And that business is finally back in acceleration mode, writing rising at its fastest pace since 2022 and beating Wall Street's expectations with $33 billion in revenue. Now that's helping ease fears about Amazon losing big ticket AI deals to Google and Micro ...

Core Insights - The company exceeded both revenue and earnings expectations, with cloud revenue growth at 20%, surpassing previous quarter's growth [1][2] - Amazon's AWS business is experiencing its fastest growth since 2022, generating $33 billion in revenue, alleviating concerns about competition from Google and Microsoft in the AI sector [2] - The company is projected to achieve nearly $210 billion in revenue for Q4, marking its first-ever $200 billion quarter [3] Revenue Performance - AWS is driving significant revenue growth, with a backlog reaching $200 billion by the end of Q3, not including new unannounced deals from October [4] - Online store revenue is slowing down, but AWS performance is offsetting softer retail growth [3] Market Reaction - Following the positive earnings report and growth projections, the company's shares increased by approximately 13% [4]

格隆汇10月31日｜韦德布什：将亚马逊(AMZN.US)目标股价从280美元上调至330美元。 ...

格隆汇10月31日｜派杰投资：将亚马逊(AMZN.US)目标股价从255美元上调至300美元。 ...

Core Viewpoint - Amazon is confident in its significant AI investments, expecting substantial returns despite recent layoffs and concerns about cloud demand slowdown. The company reported strong Q3 earnings, with AWS revenue growth returning to 20%, the highest in nearly three years, and annualized revenue reaching $132 billion [3][7][25]. Capital Expenditure and AI Investment - Amazon plans to increase its capital expenditure to approximately $125 billion in 2025, with further increases expected in 2026, primarily directed towards AI-related data centers, power, and chips. CEO Andy Jassy emphasized the rapid monetization of added capacity [3][8][57]. - The company is aggressively investing in capacity, with new capacity being monetized as quickly as it is added [14][33]. Chip Strategy - Amazon's chip strategy involves a dual approach: developing its own AI chips, such as Trainium, while deepening partnerships with Nvidia. The Trainium business has grown to a multi-billion dollar scale, with a 150% quarter-over-quarter growth [9][15][33]. - Trainium 2 chips are fully booked, primarily serving large clients, and are noted for their cost-effectiveness, offering 30% to 40% better value compared to other GPU options [15][33]. AI Services and Growth Potential - AI services are emerging as a new growth point, with the Bedrock AI inference service expected to reach a scale comparable to EC2 in the long term. The newly launched AgentCore service has already been downloaded over a million times [10][16]. - The AI shopping assistant Rufus has gained 250 million active users, increasing the likelihood of purchase by 60%, potentially generating over $10 billion in annual incremental sales [19][39]. Layoff Strategy - The recent layoffs, resulting in an $1.8 billion severance cost, are not primarily financially driven but aimed at reshaping company culture to enhance agility and innovation, akin to operating as a "global startup" [4][11][17][72]. - The layoffs are intended to reduce management layers and empower employees, fostering a more responsive organizational structure [18][73]. Advertising and Retail Performance - Amazon's advertising revenue reached $177 billion, growing 22% year-over-year, with strong performance from its demand-side platform and partnerships with platforms like Netflix and Spotify [12][41]. - The retail business remains robust, with AI technologies enhancing customer experience and operational efficiency, including the expansion of same-day delivery for groceries to over 1,000 towns [19][70].

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