Andy Jassy, CEO of Amazon, arrives at The Sun Valley Resort for the Allen and Company Sun Valley Media and Technology Conference in Sun Valley, Idaho, U.S., July 8, 2025.
Amazon is slated to report fourth-quarter earnings after the bell on Thursday.
Here's what analysts polled by LSEG are expecting:
Earnings per share: $1.97 per share
$1.97 per share Revenue: $211.33 billion
Wall Street is also looking at other key revenue numbers:
Amazon Web Services: $34.93 billion expected, according to StreetAccount
$34.93 billion expected, according to StreetAccount Advertising: $21.16 billion expected, according to StreetAccount
Cloud revenue growth will once again be a major focus for investors after the unit expanded 20.2% last quarter, up from 18% in the second period. Analysts are looking for 21.4% growth in the fourth quarter.
Investors are also listening for any updates to Amazon's spending plans around artificial intelligence. In the third quarter, the company said capital expenditures were on pace to hit $125 billion in 2025 and that the number will likely increase this year.
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