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    Amazon dips as AI spending drives cash burn, Q4 revenue forecast disappoints

    Picture of Amazon.com logoAmazon.com
    30/10/2026 08:36
    BUZZ-Amazon dips as AI spending drives cash burn, Q4 revenue forecast disappoints
    ** Amazon AMZN.O shares sink 7.3% to $226 premarket
    ** Co says it burned $42.4 billion on a trailing 12-month basis in September quarter, driven by capex that was above estimates, according to data compiled by LSEG
    ** Q4 revenue forecast has midpoint below analysts' estimate, per LSEG data
         ** Amazon Web Services Q3 revenue rose 39%, beating estimates
    ** Stock recently traded at 22 times expected earnings vs five-year avg forward PE of 43, per LSEG data, suggesting it might be undervalued
    ** Up to Thursday's close, stock had risen 5.6% YTD

    (Reporting by Joel Jose in Bengaluru)
    ((joeljose@thomsonreuters.com))

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