Amazon will announce its earnings report after the U.S. market closes on Thursday. Key focuses will include whether AWS growth can return to above 40%, the $220 billion capital expenditure, and advertising monetization efficiency. The forecast for Q3 FY2026 revenue is $224.44 billion, expected to grow 12.25% year-over-year; the net profit forecast is $21.363 billion, expected to grow 0.83% year-over-year. Bank of America anticipates AWS revenue growth of 40%, exceeding the market's general expectation of 38%; HSBC expects operating profit to reach $27 billion, with sales slightly above the upper guidance limit. JPMorgan believes that the expansion of AWS profit margins and improvements in retail efficiency will continue to drive profit growth, while Morgan Stanley emphasizes the retail sector's positioning in smart agent commerce and the market status of the Bedrock AI platform.
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