Amazon will report its 2026 third-quarter earnings on Oct. 29.
Investors will be looking to see whether it can repeat AWS's strong sales growth, which was 37% in the second quarter.
With the global AI market expected to reach $1.9 trillion by 2032, Amazon still has plenty of revenue growth opportunities ahead.
On Oct. 29, Amazon (NASDAQ: AMZN) will report 2026 third-quarter earnings, giving investors more insight into whether revenue growth from Amazon Web Services (AWS) is sufficient to allay concerns about capital expenditures, which are expected to reach up to $220 billion this year.
Ahead of Oct. 29, some may be pondering what short-term trades to make over the next few days. But for those looking to capture meaningful gains in the stock without taking on excessive risk, what matters more is how Amazon performs over the next few years than over the next few days.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Image source: The Motley Fool.
As a $2.7 trillion company, Amazon doesn't find it easy to move the needle on its revenue, profits, or stock price. That said, even as one of the most valuable companies in the world, it still has plenty of upside potential thanks to AWS and its role as the backbone of the infrastructure for artificial intelligence (AI).
Amazon essentially provides a one-stop shop for companies needing to train and run AI models, thanks not only to its cloud services but also to its custom AWS Trainium chips. It's already showing how valuable that business segment is, with AWS revenue increasing by 37% in the previous quarter against Wall Street estimates of 31%. And looking ahead, that division could be even more valuable.
According to research from Statista, the global AI market is valued at $707.4 billion in 2026 but expected to climb to $1.96 trillion by 2032. That shows that, as much as AI technology has advanced over the past couple of years, the opportunity to increase sales from companies that need AWS can continue steadily.
Ultimately, Amazon could just as easily exceed expectations for its upcoming quarterly results as it could underwhelm. But for a long-term investor who puts time on their side, one earnings report won't matter compared to the gains that could be made over the next several years if Amazon keeps executing as the backbone of AI infrastructure.
Before you buy stock in Amazon, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Amazon wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $344,608!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,327,222!*
Now, it’s worth noting Stock Advisor’s total average return is 904% — a market-crushing outperformance compared to 211% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of October 27, 2026.
Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy.