Andy Jassy, CEO of Amazon, arrives at The Sun Valley Resort for the Allen and Company Sun Valley Media and Technology Conference in Sun Valley, Idaho, U.S., July 8, 2025.
Brendan McDermid | Reuters
Amazon shares plunged more than 10% in extended trading Thursday after the company posted mixed fourth-quarter earnings, and boosted its full-year spending forecast.
Here’s how the company did, compared with estimates from analysts polled by LSEG:
- Earnings per share: $1.95 vs. $1.97 estimated
- Revenue: $213.39 billion vs. $211.33 billion estimated
Wall Street was also looking at other key revenue numbers:
- Amazon Web Services: $35.58 billion vs. $34.93 billion expected, according to StreetAccount
- Advertising: $21.32 billion vs. $21.16 billion expected, according to StreetAccount
Amazon said it expects capital expenditures to continue to climb higher this year as it aggressively invests in data centers and other infrastructure to meet a surge in artificial intelligence demand.
“With such strong demand for our existing offerings and seminal opportunities like AI, chips, robotics, low earth orbit satellites, we expect to invest about $200 billion in capital expenditures across Amazon in 2026, and anticipate strong long-term return on invested capital,” CEO Andy Jassy said in a statement.
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