SHARPE
Reported results
- Net sales increased 12% to $201.9 billion in the third quarter, compared with $180.2 billion in third quarter 2025.
- Operating income increased to $28.1 billion in the third quarter, compared with $17.4 billion in third quarter 2025.
- Net income decreased to $20.7 billion in the third quarter, or $1.89 per diluted share, compared with $21.2 billion, or $1.95 per diluted share, in third quarter 2025.
- AWS segment sales increased 39% year-over-year to $46.0 billion in the third quarter.
- Operating cash flow increased 29% to $168.3 billion for the trailing twelve months, compared with $130.7 billion for the trailing twelve months ended September 30, 2025.
- Free cash flow decreased to an outflow of $42.4 billion for the trailing twelve months, compared to free cash flow inflow of $14.8 billion for the trailing twelve months ended September 30, 2025.
Guidance
- Fourth quarter 2026 net sales are expected to be between $240.0 billion and $247.0 billion, or to grow between 12% and 16% compared with fourth quarter 2025.
- Fourth quarter 2026 operating income is expected to be between $28.5 billion and $33.5 billion, compared with $25.0 billion in fourth quarter 2025.
- 2026 cash capital expenditures are expected to be approximately $220 billion.
Price and volatility reaction
The stock moved -1.4% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -12.4 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 243.79 | 2026-10-29 |
| Close after release | 240.35 | 2026-10-30 |
| Realised move | -1.4% | close to close |
| 30d ATM IV change | -12.4 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.