Amazon's Q3 revenue grew 12%, AI infrastructure spending pushes free cash flow down to negative $4.24 billion
Amazon's third-quarter revenue grew 12% year-over-year to $201.9 billion, of which AWS revenue reached $46 billion, up 39% year-over-year, and operating profit grew 56% to $17.8 billion. To meet AI computing demand, capital expenditure over the past 12 months was $94.8 billion more than the same period last year, free cash flow fell to negative $42.4 billion, and the stock price fell about 8% after hours. Amazon expects fourth-quarter revenue between $240 billion and $247 billion, and CEO Andy Jassy said AWS growth of more than 40% will not appear until 2027 to 2028.
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