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AWS Shines, Cash + Outlook Not Great: Recapping Amazon's Actuals vs. Consensus

Consensus Expectation Benchmarking + Valuation Context

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Consensus Media
Jul 30, 2026
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The quarter of the cloud continues with a big beat from Amazon on AWS, both top and bottom-line. With that said, operating cash flow was a real stinker alongside 10% higher Capex than expected. Combine that with the relatively weak outlook, and I would be surprised if we hold this +8%:

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