Amazon is scheduled to report its Q4 2025 earnings on February 5, 2026. Analysts project revenue between $211.3 billion and $211.6 billion, with earnings per share expected at $1.97. A positive result would push the company past the $700 billion annual revenue milestone.
Key performance indicators include AWS growth, which analysts expect to fall between 20% and 23%. Investors are also monitoring AI chip adoption and rising capital expenditures. Projected capex for 2025 exceeds $125 billion, with higher spending anticipated for 2026, raising concerns over a potential cash flow squeeze.
Amazon stock closed at $232.99 on February 4, declining 2.36% amid a broader Nasdaq sell-off triggered by AI disruption fears and hawkish Federal Reserve signals. Shares rose 0.56% to $234.29 in after-hours trading. Options markets currently imply a post-earnings volatility move of approximately 7%.
Wall Street remains bullish on the e-commerce and cloud giant, with price targets reaching as high as $315. Analysts cite accelerating AWS momentum and long-term AI investments as primary growth drivers.