亚马逊美股盘后涨超13%，第三季度净利润同比增长38.6%

Core Insights - Amazon reported Q3 2025 revenue of $180.2 billion, a 13% increase from $158.9 billion in the same period last year, surpassing analyst expectations of $177.8 billion [1] - The company's net profit for Q3 2025 was $21.2 billion, up 38.6% from $15.3 billion a year earlier, with diluted earnings per share rising to $1.95 from $1.43 [4][5] Revenue Breakdown - North America segment net sales increased by 11% to $106.3 billion, while international segment sales grew by 14% to $40.9 billion [2] - AWS segment revenue rose by 20% to $33 billion, exceeding analyst expectations of $32.42 billion [2][11] - Online store sales reached $67.4 billion, a 10% increase year-over-year, while third-party seller services grew by 12% to $42.5 billion [7] Operating Income and Expenses - Amazon's operating income for Q3 2025 was $17.4 billion, unchanged from the previous year, impacted by special charges related to legal settlements and estimated severance costs [2][3] - Excluding these charges, operating income would have increased by 24.7% [2] Cash Flow and Financial Position - Operating cash flow increased by 16% year-over-year to $130.7 billion, while free cash flow decreased to $14.8 billion due to increased capital expenditures [8] - As of September 30, 2025, Amazon's cash and cash equivalents totaled $61.5 billion, down from $71.7 billion a year earlier [9] Future Guidance - For Q4 2025, Amazon expects net sales between $206 billion and $213 billion, representing a growth of 10% to 13% year-over-year [10] - The company anticipates operating income in the range of $21 billion to $26 billion for the same period [10] Strategic Focus - Amazon's CEO highlighted the significant impact of AI technology across its business, with AWS experiencing a resurgence in growth [10][11] - The company is investing heavily in AI infrastructure, including a new $11 billion data center for AI model operations [11][12]