Amazon accelerates AWS, but mixed balance in 3Q26 divides investors
According to Seu Dinheiro, cloud revenue reached US$46 billion, an increase of 39%, while exchange rates and anticipation of Prime Day weighed on some lines.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM SEU DINHEIRO · 3 MIN
Amazon presented a third quarter of 2026 with two well-defined sides. On one hand, cloud splitting has accelerated. On the other hand, the set of numbers was not uniform enough to end the discussion between investors. According to Seu Dinheiro, the 3Q26 balance sheet was released after the close of business on Thursday (29), and the market's reading was mixed.
The positive highlight came from AWS, the cloud computing unit. According to Seu Dinheiro, the division's revenue totaled US$46 billion in the quarter, an increase of 39% in the annual comparison. The growth rate was the strongest in almost five years, a figure that tends to be closely monitored by those who look at the technology sector.
On the other side of the scale are investments in infrastructure, which advanced strongly during the period. According to the same source, this expansion reopened the debate about the company's cash consumption, precisely the point that most divides those who evaluate the company.
Part of the pressure on some lines came from factors that Your Money classifies as expected. The less favorable exchange rate affected specific results, as well as the anticipation of Prime Day to the second quarter of 2026, which impacted some balance sheet lines.
The stock market reaction reflected this divided reading. According to Seu Dinheiro, AMZO34 shares fluctuated between rising and falling on Friday (3).
What is at stake is whether the growth of the cloud compensates for the cost of expansion and specific variations in exchange rates and sales calendars. In a market that demands discipline with capital from large companies, the question about cash gains more weight than the isolated results of a quarter.
What changes for the investor
For those who follow the action, the balance indicates that the main driver of growth remains concentrated in AWS. The reading will depend on how much of this infrastructure expansion will be converted into cash in the coming periods. The exchange rate effects and the anticipation of Prime Day, having been treated as expected factors, can be read as one-offs, but only the sequence of disclosures will show whether this diagnosis is sustained. This text does not provide a purchase or sale recommendation and does not project prices.
Automatically translated from Portuguese.
