Story perspectives

Amazon's Earnings Soar, Shares Dip on Spending Projections

2/9/2026

Summary

Story summary

Amazon reported strong fourth-quarter earnings as revenue rose 14% to $213 billion and operating income grew to $25 billion.
Shares fell 12% after Amazon projected $200 billion in capital expenditures for 2026, above Wall Street's expectations of $150 billion.
Analysts note that earnings missed estimates but revenue beat projections.
CEO Andy Jassy said investments are needed to meet demand, especially in Amazon Web Services, and some analysts expect a rebound.

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Story summary

Amazon reported strong fourth-quarter earnings as revenue rose 14% to $213 billion and operating income grew to $25 billion.
Shares fell 12% after Amazon projected $200 billion in capital expenditures for 2026, above Wall Street's expectations of $150 billion.
Analysts note that earnings missed estimates but revenue beat projections.
CEO Andy Jassy said investments are needed to meet demand, especially in Amazon Web Services, and some analysts expect a rebound.