Amazon Q3 Earnings Preview: What To Expect From Upcoming Report

Amazon AMZN heads into its third-quarter report with Wall Street watching closely. The company will report third-quarter results on Oct. 30 after the market close

Analysts peg quarterly earnings at about $1.57 a share and total revenue near $177.88 billion, roughly a 12% gain from the year-ago period.

Investors will parse segment detail. AWS, the cloud arm, is forecast at about $32.33 billion, up roughly 18% year over year, reflecting continued demand for AI and infrastructure services.

Online stores are expected near $66.52 billion, while third-party seller services may contribute about $41.86 billion, both showing mid-single-digit to low-double-digit growth versus a year ago.

Ad sales are a key swing factor: consensus puts advertising revenue at about $17.27 billion, an increase of roughly 21%, which could influence overall margin trends.

Subscription services and physical-store sales are also likely to show steady gains, with subscriptions forecast around $12.51 billion and physical stores near $5.55 billion.

Analysts note a recent upward tweak in EPS estimates, a signal market watchers often treat as meaningful for near-term price moves.

Expectation now centers on whether Amazon's mix of retail, ads and cloud can sustain the growth beat investors have come to expect.