Amazon misses 4Q profit estimates despite better-than expected growth in cloud computing business
February 5, 2026
Amazon sales surged 14% during the fourth quarter, helped by strong holiday spending and better-than-expected growth in its cloud computing unit. But the Seattle-based online behemoth’s shares fell nearly 10% in after hours trading as its profits came in slightly below analysts’ expectations. Investors also didn’t seem to like Amazon’s announcement that it was stepping up its capital expenditure to $200 billion this year, up from  $125 billion last year as it sees opportunities in artificial intelligence, robots, semiconductors and satellites.