Amazon (AMZN) Q4 earnings report 2025

Amazon The company’s shares fell more than 10% in extended trading on Thursday. sent It mixed fourth-quarter earnings and raised its full-year spending forecast to $200 billion.

Here is the company’s performance compared to the forecasts of analysts participating in the LSEG survey:

• Earnings per share: Estimated $1.95 and $1.97
• Revenues: $213.39 billion vs. $211.33 billion estimated

Wall Street was also looking at other key earnings figures:

• Amazon Web Services: $35.58 billion vs. $34.93 billion expected, according to StreetAccount
• Advert: $21.32 billion instead of the expected $21.16 billion, according to StreetAccount

Amazon said it expects capital spending to continue to rise further this year as it aggressively invests in data centers and other infrastructure to meet the growth in demand for artificial intelligence.

According to FactSet, the company predicts capital expenditures will reach $200 billion this year, while analysts were expecting $146.6 billion.

“With such strong demand for our existing offerings and seminal opportunities such as artificial intelligence, chips, robotics, low-earth orbit satellites, and more, we expect to invest approximately $200 billion in capital expenditures across Amazon in 2026 and generate strong long-term returns on invested capital,” CEO Andy Jassy said in a statement. he said.

Technology companies have prepared aggressive spending plans for artificial intelligence and have committed to investing billions of dollars. google parent Alphabet It expects to spend between $175 billion and $185 billion in 2026, it said Wednesday. Meta He said capital spending could nearly double from last year to $115 billion to $135 billion.

Revenue at Amazon’s cloud computing unit rose 24% in the fourth quarter, beating analysts’ forecasts for 21.4% growth. Jassy said this was AWS’s “fastest growth in 13 quarters.”

While Amazon remains the leader in cloud infrastructure, it is trying to combat the perception that it is losing out to Google. Microsoft in the market. Last week, Microsoft Azure saw 39% growth. Google’s cloud revenue increased by nearly 48%, the fastest growth since 2021.

Amazon said it expects sales to be between $173.5 billion and $178.5 billion in the current quarter, representing growth of 11% to 15%. Analysts surveyed by LSEG were expecting $175.6 billion.