Andy Jassy, CEO of Amazon, arrives at Allen & Company’s Sun Valley Media and Technology Conference at Sun Valley Resort, Idaho, USA, July 8, 2025.
Brendan McDermid | Reuters
Amazon reporting is planned in the fourth quarter earnings after bell on Thursday.
Analysts surveyed by LSEG expect:
- Earnings per share: $1.97 per share
- Input: $211.33 billion
Wall Street is also looking at other key earnings numbers:
- Amazon Web Services: $34.93 billion is expected, according to StreetAccount
- Advertisement: $21.16 billion is expected, according to StreetAccount
After the division expands, cloud revenue growth will once again be a key focus for investors 20.2% higher than last quarter 18% in the second stage. Analysts expect growth of 21.4% in the fourth quarter.
Investors will also be on the lookout for any updates on Amazon’s surrounding spending plans artificial intelligence. The company said capital spending picked up in the third quarter $125 billion In 2025 and this year, their number may increase.
Because of its rapid investment in AI, Amazon has aggressively cut costs elsewhere in the company. Last week, Amazon said it would cut about 16,000 employees across its corporate workforce after cutting about 14,000 last October.
CEO Andy Jassy said the layoffs are part of a broader effort to cut red tape and accelerate innovation so it can operate like “the biggest startup in the world.”
Job cuts followed a week of argument As for Amazon, it has faced scrutiny over its $75 million investment in a documentary about the first lady and its response to the recent death of federal agents in Minnesota.
AI and data centers
Amazon is racing to build data centers and other infrastructure to meet the growing demand for AI. The company was opened in October last year $11 billion AI data center Called Project Rainier, it was designed exclusively to run workloads provided by Claude creator Anthropic.
At the same time, Amazon is strengthening its relationship with anthropogenic rival OpenAI. The maker of ChatGPT agreed last November to buy cloud computing services from Amazon for $38 billion over the next seven years.
OpenAI CEO Sam Altman and Jassy are also present ongoing negotiations Amazon about the possibility of investing up to 50 billion dollars in the startup. CNBC reported Wednesday The companies are considering further collaboration, including using OpenAI models to power Amazon’s Alexa voice assistant, as well as other internal projects.
Investors have pressed Amazon for clarity on its AI strategy.
Analysts at Deutsche Bank said in a research note on Tuesday that the company continues to struggle with the perception that it is an “AI laggard.”
“Amazon remains one of the worst performers among Mag 7 as the company lags behind in AI,” the analysts wrote. “While we don’t expect 4Q earnings to be a magic bullet to turn this moment around, we expect another positive earnings result to continue to offset this underperformance, and we believe Amazon could be one of the biggest performers in our coverage in 2026.”
Amazon has launched a slew of AI products across its cloud computing, e-commerce, devices and software divisions as it tries to keep up with similar releases from rivals like OpenAI and Google.
Buying agency has recently emerged as one of the main battlegrounds in the AI industry. Amazon blocked services created by its competitors and moved to create its own services. Jassi told investors In the last quarter, the company expects to partner with third-party agents at some point.
In the fourth quarter, Amazon closed its Fresh and Go grocery lines mark the latest evolution of its brick-and-mortar strategy. The company expects to convert some of those stores into Whole Foods locations, and it will continue to offer fresh grocery delivery.