Amazon reported a strong Q3 – revenue up +12% and growth across every major segment: AWS (+20%), Advertising (+22%), and Online Stores (+10%). Investors liked what they saw: shares jumped +13% after hours, driven largely by increased Capex investment and AWS performance.
Still, the quarter wasn’t without major shifts. Amazon announced its largest corporate layoff ever (14,000 roles) as part of a broader effort to streamline decision-making and reset company culture. At the same time, the retailer is pushing deeper into perishables and testing new store formats to strengthen its grocery momentum.
Notably, there was no commentary on tariffs or holiday demand — a signal of quiet confidence heading into Q4.
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