Data center spending
Spending on data centers supports cloud growth but reduces the cash Amazon has available for other uses.
Amazon.com reports its Q4 FY2026 results on 4 February 2027, after the market closes. Analysts expect earnings per share of 2.41 USD and revenue of 245.12B USD.
In Q3 FY2026, reported on 29 October 2026, Amazon.com earned 1.89 USD a share against the 1.97 USD analysts expected (-4.1%), on revenue of 201.94B USD against 202.22B USD (-0.1%).
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth | Next-day move |
|---|---|---|---|---|---|---|---|---|---|---|
| Q3 FY2027 | 2.63 | — | — | +39.25% | 238.46B | — | — | +18.08% | — | |
| Q2 FY2027 | 2.54 | — | — | -55.76% | 230.85B | — | — | +15.07% | — | |
| Q1 FY2027 | 2.29 | — | — | -17.61% | 210.49B | — | — | +15.96% | — | |
| Q4 FY2026 | 2.41 | — | — | +23.59% | 245.12B | — | — | +14.87% | — | |
| Q3 FY2026 | 1.97 | 1.89 | -4.06% | -3.08% | 202.22B | 201.94B | -0.14% | +12.09% | -1.5% | |
| Q2 FY2026 | 1.82 | 5.75 | +215.93% | +242.26% | 197.03B | 200.61B | +1.81% | +19.62% | +15.1% | |
| Q1 FY2026 | 1.63 | 2.78 | +70.55% | +74.84% | 177.28B | 181.52B | +2.39% | +16.61% | +0.7% | |
| Q4 FY2025 | 1.97 | 1.95 | -1.02% | +4.84% | 211.45B | 213.39B | +0.91% | +13.63% | -5.4% | |
| Q3 FY2025 | 1.57 | 1.95 | +24.20% | +36.36% | 177.91B | 180.17B | +1.27% | +13.40% | +9.7% | |
| Q2 FY2025 | 1.31 | 1.68 | +28.24% | +33.33% | 161.78B | 167.70B | +3.66% | +13.33% | -8.2% | |
| Q1 FY2025 | 1.37 | 1.59 | +16.06% | +62.24% | 155.15B | 155.67B | +0.33% | +8.62% | +0.1% | |
| Q4 FY2024 | 1.48 | 1.86 | +25.68% | +86.00% | 187.34B | 187.79B | +0.24% | +10.49% | -4.0% | |
| Q3 FY2024 | 1.14 | 1.43 | +25.44% | +52.13% | 157.28B | 158.88B | +1.02% | +11.04% | +6.3% | |
| Q2 FY2024 | 1.03 | 1.26 | +22.33% | +93.85% | 148.67B | 147.98B | -0.46% | +10.12% | -8.8% | |
| Q1 FY2024 | 0.83 | 0.98 | +18.07% | +216.13% | 142.65B | 143.31B | +0.46% | +12.53% | +2.0% | |
| Q4 FY2023 | 0.80 | 1.00 | +25.00% | +300.00% | 165.93B | 169.96B | +2.43% | +13.91% | +7.6% | |
| Q3 FY2023 | 0.58 | 0.94 | +62.07% | +235.71% | 141.50B | 143.08B | +1.12% | +12.57% | +6.8% | |
| Q2 FY2023 | 0.35 | 0.65 | +85.71% | — | 131.49B | 134.38B | +2.20% | +10.85% | +8.3% | |
| Q1 FY2023 | 0.21 | 0.31 | +47.62% | — | 124.60B | 127.36B | +2.21% | +9.37% | -3.9% | |
| Q4 FY2022 | 0.18 | 0.25 | +38.89% | -82.01% | 145.71B | 149.20B | +2.40% | +8.58% | -8.4% | |
| Q3 FY2022 | 0.22 | 0.28 | +27.27% | -9.68% | 127.31B | 127.10B | -0.16% | +14.70% | -7.1% | |
| Q2 FY2022 | 0.15 | -0.20 | -233.33% | -126.32% | 119.00B | 121.23B | +1.88% | +7.21% | +10.5% | |
| Q1 FY2022 | 0.44 | -0.38 | -185.91% | -147.85% | 116.45B | 116.44B | -0.01% | +7.30% | -14.3% | |
| Q4 FY2021 | 0.19 | 1.39 | +631.58% | +98.57% | 137.68B | 137.41B | -0.20% | +9.44% | +13.4% | |
| Q3 FY2021 | 0.45 | 0.31 | -31.11% | -50.00% | 137.63B | 110.81B | -19.49% | +15.26% | -2.1% | |
| Q2 FY2021 | 0.62 | 0.76 | +22.58% | +46.15% | 111.68B | 113.08B | +1.26% | +27.18% | -7.5% | |
| Q1 FY2021 | 0.48 | 0.79 | +64.58% | +216.00% | 92.62B | 108.52B | +17.16% | +43.82% | -0.2% | |
| Q4 FY2020 | 0.36 | 0.70 | +94.44% | +118.75% | 120.76B | 125.56B | +3.97% | +43.60% | -2.1% | |
| Q3 FY2020 | 0.37 | 0.62 | +67.57% | +195.24% | 78.68B | 96.15B | +22.20% | +37.39% | -5.5% | |
| Q2 FY2020 | 0.07 | 0.52 | +642.86% | +100.00% | 12.60B | 88.91B | +605.48% | +40.23% | +3.6% | |
| Q1 FY2020 | 0.31 | 0.25 | -19.35% | -28.57% | 73.74B | 75.45B | +2.32% | +26.39% | -7.5% | |
| Q4 FY2019 | 0.20 | 0.32 | +60.00% | +6.67% | 54.46B | 87.44B | +60.55% | +20.80% | +7.3% | |
| Q3 FY2019 | 0.23 | 0.21 | -8.70% | -27.59% | 76.43B | 69.98B | -8.44% | +23.69% | -1.1% | |
| Q2 FY2019 | 0.28 | 0.26 | -7.14% | +4.00% | 67.66B | 63.40B | -6.28% | +19.89% | -1.6% | |
| Q1 FY2019 | 0.24 | 0.35 | +45.83% | +118.75% | 59.70B | 59.70B | +0.01% | +16.96% | +2.5% | |
| Q4 FY2018 | 0.28 | 0.30 | +7.14% | +172.73% | 68.07B | 72.38B | +6.34% | +19.73% | -5.3% | |
| Q3 FY2018 | 0.16 | 0.29 | +81.25% | +866.67% | 53.18B | 56.58B | +6.39% | +29.33% | -8.0% | |
| Q2 FY2018 | 0.13 | 0.25 | +92.31% | +1,150.00% | 44.57B | 52.89B | +18.65% | +39.34% | +0.7% | |
| Q1 FY2018 | 0.06 | 0.16 | +166.67% | +128.57% | 19.67B | 51.04B | +159.52% | +42.92% | +3.4% | |
| Q4 FY2017 | 0.09 | 0.11 | +22.22% | +37.50% | 51.50B | 60.45B | +17.39% | +38.21% | +3.0% | |
| Q3 FY2017 | 0.00 | 0.03 | +1,900.00% | 0.00% | 2.52B | 43.74B | +1,633.33% | +33.72% | +13.2% | |
| Q2 FY2017 | 0.07 | 0.02 | -71.43% | -77.78% | 134.74B | 37.96B | -71.83% | +24.84% | -2.3% | |
| Q1 FY2017 | 0.05 | 0.07 | +40.00% | +40.00% | 26.30B | 35.71B | +35.78% | +22.61% | +0.7% | |
| Q4 FY2016 | 0.07 | 0.08 | +14.29% | +60.00% | 38.34B | 43.74B | +14.07% | +22.36% | -3.6% | |
| Q3 FY2016 | 0.04 | 0.03 | -25.00% | +200.00% | 49.07B | 32.71B | -33.33% | +29.01% | -5.1% | |
| Q2 FY2016 | 0.06 | 0.09 | +50.00% | +800.00% | 18.96B | 30.40B | +60.36% | +31.14% | +0.8% | |
| Q1 FY2016 | 0.03 | 0.05 | +66.67% | — | 25.17B | 29.13B | +15.73% | +28.22% | +9.6% | |
| Q4 FY2015 | 0.08 | 0.05 | -37.50% | +150.00% | 55.77B | 35.75B | -35.90% | +21.88% | -7.6% | |
| Q3 FY2015 | -0.01 | 0.01 | +242.86% | — | 20.88B | 25.36B | +21.43% | +23.22% | +6.2% | |
| Q2 FY2015 | -0.01 | 0.01 | +200.00% | — | 17.08B | 23.19B | +35.71% | +19.88% | +9.8% | |
| Q1 FY2015 | -0.01 | -0.01 | 0.00% | -200.00% | 22.72B | 22.72B | 0.00% | +15.08% | +14.1% | |
| Q4 FY2014 | 0.01 | 0.02 | +100.00% | -33.33% | 11.08B | 29.33B | +164.71% | +14.62% | +13.7% | |
| Q3 FY2014 | -0.04 | -0.05 | -25.00% | — | 15.81B | 20.58B | +30.14% | +20.40% | -8.4% | |
| Q2 FY2014 | -0.01 | -0.01 | 0.00% | — | 14.36B | 19.34B | +34.68% | +23.15% | -9.6% | |
| Q1 FY2014 | 0.01 | 0.01 | 0.00% | 0.00% | 19.74B | 19.74B | 0.00% | +22.84% | -9.9% | |
| Q4 FY2013 | 0.03 | 0.03 | 0.00% | +200.00% | 33.11B | 25.59B | -22.73% | +20.31% | -11.0% | |
| Q3 FY2013 | -0.00 | -0.00 | 0.00% | — | 17.09B | 17.09B | 0.00% | +23.80% | +9.4% | |
| Q2 FY2013 | 0.00 | -0.00 | -140.00% | -200.00% | 39.26B | 15.70B | -60.00% | +22.36% | +2.8% | |
| Q1 FY2013 | 0.00 | 0.01 | +150.00% | -31.03% | 14.91B | 16.07B | +7.74% | +21.88% | -7.3% | |
| Q4 FY2012 | 0.01 | 0.01 | 0.00% | -50.00% | 28.36B | 21.27B | -25.00% | +22.01% | +4.8% | |
| Q3 FY2012 | -0.00 | -0.01 | -150.00% | -242.86% | 4.80B | 13.81B | +187.50% | +26.94% | +6.8% | |
| Q2 FY2012 | 0.00 | 0.00 | 0.00% | -95.00% | 1.60B | 12.83B | +700.00% | +29.47% | +7.9% | |
| Q1 FY2012 | 0.00 | 0.01 | +314.29% | -27.50% | 3.30B | 13.19B | +300.00% | +33.76% | +15.7% | |
| Q4 FY2011 | 0.01 | 0.02 | +135.29% | -60.00% | 15.23B | 17.43B | +14.48% | +34.63% | -7.7% | |
| Q3 FY2011 | 0.01 | 0.01 | -41.67% | -76.67% | 18.64B | 10.88B | -41.67% | +43.86% | -12.7% | |
| Q2 FY2011 | 0.02 | 0.02 | 0.00% | 0.00% | 8.46B | 9.91B | +17.14% | +50.97% | +3.9% | |
| Q1 FY2011 | 0.03 | 0.02 | -33.33% | -33.33% | 13.67B | 9.86B | -27.87% | +38.23% | +7.8% | |
| Q4 FY2010 | 0.04 | 0.05 | +25.00% | +25.00% | 12.52B | 12.95B | +3.41% | +36.00% | -7.2% | |
| Q3 FY2010 | 0.02 | 0.03 | +50.00% | +50.00% | 7.12B | 7.56B | +6.25% | +38.74% | +2.5% | |
| Q2 FY2010 | 0.03 | 0.02 | -33.33% | 0.00% | 7.88B | 6.57B | -16.67% | +41.17% | -1.0% | |
| Q1 FY2010 | 0.03 | 0.03 | 0.00% | +50.00% | 6.59B | 7.13B | +8.20% | +45.86% | -4.3% | |
| Q4 FY2009 | 0.04 | 0.04 | 0.00% | +33.33% | 8.06B | 9.52B | +18.06% | +42.03% | -0.5% | |
| Q3 FY2009 | 0.02 | 0.02 | 0.00% | +42.86% | 4.00B | 5.45B | +36.36% | +27.79% | +26.8% | |
| Q2 FY2009 | 0.02 | 0.02 | 0.00% | 0.00% | 4.51B | 4.65B | +3.23% | +14.47% | -7.9% | |
| Q1 FY2009 | 0.02 | 0.02 | 0.00% | 0.00% | 3.70B | 4.89B | +32.26% | +18.23% | +4.7% | |
| Q4 FY2008 | 0.02 | 0.03 | +50.00% | +50.00% | 5.03B | 6.70B | +33.33% | +18.18% | +17.6% | |
| Q3 FY2008 | 0.01 | 0.01 | +12.00% | +47.37% | 3.95B | 4.26B | +8.00% | +30.72% | +0.8% | |
| Q2 FY2008 | 0.01 | 0.02 | +53.85% | +110.53% | 2.86B | 4.06B | +42.31% | +40.78% | +11.6% | |
| Q1 FY2008 | 0.02 | 0.02 | 0.00% | +48.15% | 3.89B | 4.14B | +6.25% | +37.15% | -4.2% | |
| Q4 FY2007 | 0.02 | 0.02 | 0.00% | +70.36% | 5.67B | 5.67B | 0.00% | +42.30% | +4.9% | |
| Q3 FY2007 | 0.01 | 0.01 | +5.56% | +280.00% | 3.09B | 3.26B | +5.56% | +41.40% | -11.9% | |
| Q2 FY2007 | 0.01 | 0.01 | +18.75% | +280.00% | 2.43B | 2.89B | +18.75% | +34.92% | +24.6% | |
| Q1 FY2007 | 0.01 | 0.01 | +80.00% | +125.00% | 2.98B | 3.02B | +1.01% | +32.29% | +26.8% | |
| Q4 FY2006 | 0.01 | 0.01 | +11.81% | -41.30% | 3.64B | 3.99B | +9.52% | +33.89% | -3.6% | |
| Q3 FY2006 | 0.00 | 0.00 | +66.67% | -28.57% | 1.90B | 2.31B | +21.21% | +24.17% | +11.9% | |
| Q2 FY2006 | 0.00 | 0.00 | -16.67% | -61.54% | 2.57B | 2.14B | -16.67% | +22.02% | -22.0% | |
| Q1 FY2006 | 0.01 | 0.01 | 0.00% | -36.84% | 2.28B | 2.28B | 0.00% | +19.82% | +0.6% | |
| Q4 FY2005 | 0.01 | 0.02 | +90.48% | 0.00% | 2.63B | 2.98B | +13.13% | +17.16% | -10.3% | |
| Q3 FY2005 | 0.01 | 0.00 | -30.00% | -46.15% | 2.65B | 1.86B | -30.00% | +27.00% | -13.9% | |
| Q2 FY2005 | 0.01 | 0.01 | +18.18% | -31.58% | 1.61B | 1.75B | +9.09% | +26.39% | +15.3% | |
| Q1 FY2005 | 0.01 | 0.01 | -17.39% | -32.14% | 2.43B | 1.90B | -21.74% | +24.31% | -3.0% | |
| Q4 FY2004 | 0.02 | 0.02 | 0.00% | +118.58% | 2.90B | 2.54B | -12.50% | +30.59% | -14.4% | |
| Q3 FY2004 | 0.01 | 0.01 | -27.78% | +225.00% | 1.55B | 1.46B | -5.52% | +28.96% | -12.2% | |
| Q2 FY2004 | 0.01 | 0.01 | 0.00% | — | 1.46B | 1.39B | -5.29% | +26.10% | -12.7% | |
| Q1 FY2004 | 0.01 | 0.01 | +40.00% | — | 1.33B | 1.53B | +14.97% | +41.20% | -5.3% | |
| Q4 FY2003 | 0.01 | 0.01 | -36.90% | +2,514.29% | 1.95B | 1.95B | 0.00% | +36.20% | -6.8% | |
| Q3 FY2003 | 0.01 | 0.00 | -60.00% | — | 1.03B | 1.13B | +10.00% | +33.26% | -9.1% | |
| Q2 FY2003 | 0.00 | -0.01 | -283.33% | — | 907.43M | 1.10B | +21.21% | +36.53% | +15.5% | |
| Q1 FY2003 | 0.00 | -0.00 | -175.00% | — | 433.42M | 1.08B | +150.00% | +27.87% | +15.1% | |
| Q4 FY2002 | 0.01 | 0.00 | -95.00% | -48.53% | 1.05B | 1.43B | +35.71% | +28.11% | +1.8% | |
| Q3 FY2002 | -0.00 | -0.00 | -125.00% | — | 790.11M | 851.30M | +7.74% | +33.17% | -2.8% | |
| Q2 FY2002 | -0.00 | -0.01 | -316.67% | — | 4.83B | 805.61M | -83.33% | +20.67% | -3.1% | |
| Q1 FY2002 | -0.00 | -0.00 | +33.33% | — | 7.63B | 847.42M | -88.89% | +21.00% | +19.4% | |
| Q4 FY2001 | -0.00 | 0.00 | +119.43% | — | 867.36M | 1.12B | +28.57% | +14.69% | -1.0% | |
| Q3 FY2001 | -0.01 | -0.02 | -187.50% | — | 639.28M | 639.28M | 0.00% | +0.22% | -20.0% | |
| Q2 FY2001 | -0.01 | -0.02 | -113.64% | — | 917.98M | 667.63M | -27.27% | +15.53% | -24.8% | |
| Q1 FY2001 | -0.01 | -0.03 | -164.00% | — | 833.76M | 700.36M | -16.00% | +22.04% | +2.6% | |
| Q4 FY2000 | -0.01 | -0.08 | -489.46% | — | 1.01B | 972.36M | -3.70% | +43.83% | -8.6% | |
| Q3 FY2000 | -0.01 | -0.03 | -134.48% | — | 739.92M | 637.86M | -13.79% | +79.29% | +7.4% | |
| Q2 FY2000 | -0.02 | -0.02 | 0.00% | — | 612.90M | 577.88M | -5.71% | +83.82% | -12.8% | |
| Q1 FY2000 | -0.02 | -0.02 | 0.00% | — | 590.29M | 573.89M | -2.78% | +95.44% | -1.5% | |
| Q4 FY1999 | -0.02 | -0.03 | -50.00% | — | 602.29M | 676.04M | +12.24% | +167.32% | +21.3% | |
| Q3 FY1999 | -0.01 | -0.03 | -110.71% | — | 383.14M | 355.78M | -7.14% | +131.63% | -6.6% | |
| Q2 FY1999 | -0.01 | -0.02 | -65.38% | — | 326.95M | 314.38M | -3.85% | +171.01% | -15.0% | |
| Q1 FY1999 | -0.01 | -0.01 | -42.86% | — | 373.73M | 293.64M | -21.43% | +235.98% | -13.0% | |
| Q4 FY1998 | -0.00 | -0.01 | -62.44% | — | 309.09M | 252.89M | -18.18% | +282.59% | +9.0% | |
| Q3 FY1998 | -0.01 | -0.01 | -50.00% | — | 192.12M | 153.60M | -20.05% | +305.28% | +7.6% | |
| Q2 FY1998 | -0.00 | -0.00 | -14.29% | — | 115.98M | 116.00M | +0.02% | +625.00% | -5.4% | |
| Q1 FY1998 | -0.00 | -0.00 | 0.00% | — | 116.50M | 87.40M | -24.98% | — | +15.6% | |
| Q4 FY1997 | -0.00 | -0.00 | -31.50% | — | 82.63M | 66.10M | -20.00% | +319.79% | -3.8% | |
| Q3 FY1997 | -0.00 | -0.00 | 0.00% | — | 37.90M | 37.90M | 0.00% | +802.38% | +15.9% | |
| Q2 FY1997 | — | -0.00 | — | — | 37.20M | 27.90M | -25.00% | +1,168.18% | -1.9% | |
| Q2 FY1997 | -0.00 | -0.00 | +33.33% | — | 37.20M | 16.00M | -56.99% | +627.27% | -10.6% | |
| Q4 FY1996 | — | -0.00 | — | — | — | 15.75M | — | +1,649.56% | — | |
| Q3 FY1996 | — | -0.00 | — | — | — | 4.20M | — | — | — | |
| Q2 FY1996 | — | -0.00 | — | — | — | 2.20M | — | — | — | |
| Q4 FY1995 | — | -0.00 | — | — | — | 900.00K | — | — | — |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 14.66 | — | — | +36.20% | 1.13T | — | — | +17.22% |
| FY2027 | 10.76 | — | — | -16.13% | 961.59B | — | — | +15.93% |
| FY2026 | 12.83 | — | — | +78.97% | 829.46B | — | — | +15.70% |
| FY2025 | 7.15 | 7.17 | +0.24% | +29.66% | 714.69B | 716.92B | +0.31% | +12.38% |
| FY2024 | 5.15 | 5.53 | +7.30% | +90.69% | 637.88B | 637.96B | +0.01% | +10.99% |
| FY2023 | 2.70 | 2.90 | +7.59% | — | 570.87B | 574.79B | +0.69% | +11.83% |
| FY2022 | -0.11 | -0.05 | +54.96% | -101.48% | 510.35B | 513.98B | +0.71% | +9.40% |
The move is the shares' change on the trading day after the report: after a report after the close, the next day's close on the report day's; before the open, the report day's close on the day before's. Surprise is the reported figure against the analysts' average estimate.
From the last earnings call, the company's guidance and analysts' previews, and checked against the report when it comes.
Spending on data centers supports cloud growth but reduces the cash Amazon has available for other uses.
On average, analysts' EPS estimate was 39.7% off the result, either way, and their revenue estimate 1.3%, over the last 12 quarters.
See also:Forecast,EPS,Income statement
Source: Financial Modeling PrepVerified against SEC filings
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