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Summary
Amazon (AMZN) fell 1.41% to $240.35 on October 30, 2026, the first session after its third-quarter results.
Financial media tied the decline to earnings of $1.89 per share and revenue of $201.9 billion that came in below analyst estimates.
AWS sales grew 39% to $46.0 billion, per the company's release.
Amazon's drop was smaller than the Nasdaq Composite's 2.86% fall on a weak day for the wider market.
Gotrade News - In the latest Amazon stock news, shares of Amazon (AMZN) fell 1.41% to close at $240.35 on Friday, October 30, 2026, the first session after the company reported third-quarter results.
Financial media tied the drop in Amazon stock to quarterly earnings and revenue that came in below Wall Street estimates, according to a wire report carried by the Illawarra Mercury, even as the AWS cloud unit grew sales 39%.
AMZN Trading Data
Data
Value
Closing price
$240.35
Change
-$3.44 (-1.41%)
Previous close
$243.79
Open
$232.54
Day range
$229.36 to $241.55
Volume
104.9 million shares
30-day average volume
38.4 million shares
52-week range
$196.00 to $287.20
Market cap
$2.60 trillion
Regular-session close on Friday, October 30, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since October 31, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
Amazon opened at $232.54, well below the previous close of $243.79, and touched a session low of $229.36 before recovering. It finished $10.99 above that low and just under the session high of $241.55. Volume reached 104.9 million shares, 173.06% above the 38.4 million share average.
The decline came on a weak day for the wider market. The Nasdaq Composite fell 2.86% to 25,437.00, the S&P 500 lost 1.82% to 7,580.07 and the Dow Jones Industrial Average slipped 1.09% to 51,770.31, while the US 10-year Treasury yield eased 6.0 basis points to 4.93%. Amazon's drop was 1.45 percentage points smaller than the Nasdaq's.
Among other large technology names, Microsoft (MSFT) fell 1.55%, Meta Platforms (META) lost 1.53% and Alphabet (GOOGL) declined 1.40%. Amazon closed 16.31% below its 52-week high of $287.20 and 22.63% above its 52-week low of $196.00.
Why Amazon Stock Fell
Amazon published its third-quarter earnings report after the market closed on October 29. According to the company's official release, net sales rose 12% to $201.9 billion and operating income climbed to $28.1 billion from $17.4 billion, a 13.9% operating margin that Amazon called its highest ever. Net income fell to $20.7 billion, or $1.89 per diluted share, from $1.95 a year earlier, which the company attributed mainly to $9.5 billion of pre-tax gains on its Anthropic investments in the prior-year quarter.
Per the Illawarra Mercury report, analysts had expected $1.97 per share and $202.2 billion in revenue, citing FactSet. Amazon guided to fourth-quarter net sales of $240.0 billion to $247.0 billion, and the report noted that the midpoint of that range sits below the $244.16 billion analysts expected.
Amazon also said Prime Day shifted into the second quarter for most large countries this year, and that third-quarter sales growth would have been about 400 basis points higher without that shift.
AMZN Stock Analysis: Supporting Factors and Risks
Supporting Factors
AWS sales rose 39% to $46.0 billion and AWS operating income reached $17.8 billion, up from $11.4 billion, per the release. CEO Andy Jassy projected AWS revenue growth of over 40% in both 2027 and 2028, a company projection.
24/7 Wall St. reported that the AWS backlog rose to $578 billion.
Amazon guided to fourth-quarter operating income of $28.5 billion to $33.5 billion, compared with $25.0 billion a year earlier, and said it expects advertising revenue to grow in the high teens in the quarter.
Risks
Free cash flow for the trailing twelve months turned into an outflow of $42.4 billion, driven mainly by a $94.8 billion rise in purchases of property and equipment tied largely to AI, according to the release. Amazon still expects 2026 cash capital spending of about $220 billion.
Per 24/7 Wall St., management expects meaningfully higher spending in 2027, interest expense rose to $1.691 billion from $538 million a year earlier, and UBS analyst Stephen Ju said investors feared 2027 capital spending could exceed $300 billion.
TIKR noted that Anthropic now leases its own data centers, which it argued could cap further AWS gains from Anthropic beyond the $110 billion Anthropic has committed to AWS through 2036.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
