An Amazon Web Services data center in Ashburn, Va. (Lexi Critchett/Bloomberg)
February 5, 2026 5:15 PM, EST
Amazon.com Inc. reported fourth-quarter earnings slightly below Wall Street estimates even as sales surged and it reported the fastest growth in its prominent cloud computing business in 13 quarters.
The Seattle-based online behemoth on Feb. 5 reported net income of $21.2 billion, or $1.95 per share, for the three-month period that ended Dec. 31. That compares with $20 billion, $1.86, in the year-ago quarter.
Revenue rose 14% to $213.4 billion in the fourth quarter, compared with $187.8 billion in the year-ago period.
Analysts were expecting $1.97 per share on sales of $211.4 billion, according to analysts polled by FactSet.
Revenue from its cloud service arm called Amazon Web Services increased 24% to $35.6 billion. Analysts were expecting $34.9 billion.
Amazon said it plans to increase capital spending to $200 billion this year from $125 billion as it sees opportunities in artificial intelligence, robots, semiconductors and satellites, Amazon CEO Andy Jassy said in a release. Wall Street analysts were expecting spending to rise to around $147 billion, according to FactSet.
Shares were down close to 9% in after-hours trading.
Amazon ranks No. 1 on the Transport Topics Top 100 list of the largest logistics companies in North America, No. 15 on the TT Top 100 list of the largest private carriers and No. 1 on the TT Top 50 list of the largest global freight companies.
Amazon Q4 2025 Earnings Report
Amazon said last week it is slashing about 16,000 corporate jobs in the second round of mass layoffs for the ecommerce company in three months.
