Amazon's AI splurge flips free cash flow to -$42.4B TTM as sales and EPS miss estimates

Kr00ney · x · 2026-10-30

Amazon came up short on both sales and EPS; AWS grew 39.3% but missed the buy-side expectation of 42–43%, per RBC's quick take.

The bigger concern is cash flow: trailing-twelve-month free cash flow swung to a $42.4 billion outflow from a $14.8 billion inflow a year earlier, driven by a $94.8 billion YoY increase in capex that Amazon says primarily reflects AI investments.

Related event: AWS Growth Hits Five-Year High but Amazon Misses Earnings(4 posts)→

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