
Amazon Q3 2026: AWS Lifts Operating Income 61% as Free Cash Flow Turns Negative
Amazon's Q3 2026 operating income rose 61% on AWS's 39% growth, but $77.3B of capex drove free cash flow to about -$33.5B, funded by $48.1B of new debt.
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Amazon's Q3 2026 operating income rose 61% on AWS's 39% growth, but $77.3B of capex drove free cash flow to about -$33.5B, funded by $48.1B of new debt.

AMD's Q3 2026 revenue rose 45% to $13.4B on 97% Data Center growth, but a $4.9B inventory and receivables build cut free cash flow to $554M.

Coinbase earned $719M in Q3 2026 on flat revenue: a $715M crypto mark-to-market gain drove the profit, while revenue fell 35% and operating income 87%.

Eli Lilly's Q3 2026 revenue rose 39% to $24.4B but EPS only 16%: a $4.2B acquired IPR&D charge, bigger than any full year since 2021, absorbed the gain.

Uber's Q3 2026 bookings rose 20% to $59.8B, revenue only 10%: a UK principal-to-agent switch cut $1.1B from revenue and costs; operating income rose 30%.

Alphabet's Q3 2026 operating income rose 30% and Cloud revenue doubled, but $51.4B of capex topped cash flow, so free cash flow went negative $9.1B.

Azure grew 48% while capex missed its $50B guide on delayed capacity; net income rose 32% on an OpenAI comparison, and free cash flow fell 27%.

Equity LifeStyle Q3 2026 normalized FFO rose 4.6% to $0.79 on 5.7% manufactured-housing rent growth; net income fell 11% to $89.3M on a $12.1M tax reserve.

Healthcare Services Group Q3 2026 revenue rose 3.3% to $479.6M and segment profit 45%; net income fell 42% to $24.9M against a $34.2M ERC-inflated 2025 base.

MaxLinear Q3 2026 revenue rose 72% to $218.1M as infrastructure sales tripled on AI optical demand; GAAP operating margin swung from −33% to +14%.

First American's Q3 2026 revenue rose 5.4% to $2.08B on 21% commercial title growth, but EPS fell to $1.72 as U.S. orders opened dropped 8.2%.

Kinsale's Q3 2026 net income fell 31% to $98.1M on a $37.6M portfolio reset, yet operating EPS rose 9.4% to $5.70 on a 75.4% combined ratio.