Amazon Q4 Revenue Beats Estimates On Strong AWS Results; Announces $200B Capital Spending In 2026

The company reported a 14% rise in quarterly revenue to $213.4 billion in the quarter, compared with $187.8 billion in the same period last year and above street estimates of $211.44 billion.

Amazon Inc. (AMZN) reported fourth-quarter (Q4) 2025 earnings after market-hours on Thursday, slightly beating analyst estimates for revenue, but missing on earnings expectations.

The company reported a 14% rise in quarterly revenue to $213.4 billion in the quarter, compared with $187.8 billion in the same period last year. The street consensus was at $211.44 billion, according to data from Stocktwits.

Meanwhile, the company reported earnings per share (EPS) of $1.95 per diluted share, compared to $1.86 in the fourth-quarter (Q4) of 2024 and below analyst expectations of $1.97 as per Stocktwits data.

Andy Jassy, President and CEO of Amazon noted that Amazon Web Services clocked a growth of 24%, the company’s fastest growth in 13 quarters, while the company’s chips business grew triple-digit percentages year-over-year.

“With such strong demand for our existing offerings and seminal opportunities like AI, chips, robotics, and 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,” Jassy said.

Shares of AMZN declined nearly 8% after-hours at the time of writing.

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