Skip to content
Fear & Greed34 Fear
Crypto market$2.66T−0.1%24h breadth62 up185 downBitcoin$77,747+0.1%Ethereum$2,258−0.1%Solana$94−2.3%XRP$1.25−0.7%BNB$706+0.3%Top gainersFLOCK$0.040+10.8%TRUMP$1.69+6.8%KITE$0.123+6.7%Top losersAWE$0.062−15.5%RUNE$0.559−14.8%XPL$0.071−13%StocksNVDA$205−4.2%TSLA$400−0.9%AAPL$345−1.2%MSFT$522−1.6%COIN$144−10.6%
Advertisement
Amazon stock sinks 10% despite earnings beat on $200B capex shock

Amazon stock sinks 10% despite earnings beat on $200B capex shock

Shares tumble below $200 in after-hours trading after Amazon unveils aggressive AI investment plan despite strong Q4 results.

by Estefano Gomez

1 min read

In Finance

Share

Add us on Google

Amazon said Thursday it plans to spend $200 billion on capital expenditures in 2026, with a focus on artificial intelligence infrastructure, triggering a steep sell-off in after-hours trading. The stock dropped over 10% and fell below $200 as investors reacted to the scale of the planned investment.

Advertisement

The announcement followed solid fourth-quarter earnings, with revenue climbing to $213.4 billion and net profit hitting $21.2 billion, matching analyst expectations. Amazon cited a strong holiday season and 24% year-over-year growth in its AWS cloud business as key drivers.

The company also said it will close underperforming units to streamline operations. The layoffs, totaling 16,000 workers, announced last week, are part of these broader cost-cutting efforts. For the first quarter of 2026, Amazon forecast revenue between $173.5 billion and $178.5 billion, with operating income expected between $16.5 billion and $21.5 billion.

Despite the strong cloud performance, AWS generated $35.6 billion in Q4 revenue, investors focused on the spending outlook. The sell-off comes amid broader tech sector concerns over ballooning AI-related investment.

Amazon.com Inc. (AMZN) price

Full chart and stats

Loading chart…

Market cap
$2.6T (shares as of 2026-10-21)
P/E (trailing)
19.4 (EPS to 2026-09-30)
Annual revenue
$716.9B USD (FY ended 2025-12-31) 10-K
Annual revenue growth
+12.4% (FY ended 2025-12-31 vs FY ended 2024-12-31) 10-K
Annual net income
77,670,000,000 USD (FY ended 2025-12-31, attributable to the company) 10-K
Annual operating margin
11.2% (FY ended 2025-12-31)
Forward P/E
Unavailable: no dated forecast source

Gloria daily close for session Oct 30, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Amazon.com Inc. and its peers

Company PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
Amazon.com Inc. AMZN · Price dated Oct 30, 2026 · tokenized AMZNx $240$2.6T19.4Unavailable$716.9BFY ended 2025-12-31 · 10-K+12.4%FY ended 2025-12-31 vs 2024-12-31 · 10-K77,670,000,000FY ended 2025-12-31, attributable to the company · 10-K11.2%FY ended 2025-12-31
Coupang, Inc. CPNG · Price dated Oct 30, 2026 $14UnavailableNot meaningfulLoss, diluted EPS −0.43
to 2026-06-30 · SEC filing		Unavailable$34.5BFY ended 2025-12-31 · 10-K+14.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K208,000,000FY ended 2025-12-31, attributable to the company · 10-K1.4%FY ended 2025-12-31
Wayfair Inc. W · Price dated Oct 30, 2026 $116UnavailableNot meaningfulLoss, diluted EPS −2.48
to 2026-06-30 · SEC filing		Unavailable$12.5BFY ended 2025-12-31 · 10-K+5.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K−313,000,000FY ended 2025-12-31, attributable to the company · 10-K0.1%FY ended 2025-12-31
Walmart Inc. WMT · Price dated Oct 30, 2026 · tokenized WMTx $124$979.9B44.8Unavailable$713.2BFY ended 2026-01-31 · 10-K+4.7%FY ended 2026-01-31 vs 2025-01-31 · 10-K21,893,000,000FY ended 2026-01-31, attributable to the company · 10-K4.2%FY ended 2026-01-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Nov 1, 2026, 12:01 AM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

More in Finance

See all
Previous storyStrategy posts $12.4B Q4 loss as Bitcoin sinks to $64K and stock tumbles 17%