Update: Amazon Slumps Pre-Bell After Q3 Earnings Fall Amid Higher Revenue While Free Cash Outflow Hits $42.4 Billion

05:35 AM EDT, 10/30/2026 (MT Newswires) -- (Updates with the stock move and free cash flow figures in the headline, and the first and last paragraphs.) Amazon.com (AMZN) shares fell over 6% in Friday's premarket activity after the company reported a drop in Q3 earnings and a free cash outflow following investments in artificial intelligence infrastructure. The company reported Q3 earnings late Thursday of $1.89 per diluted share, down from $1.95 a year earlier. Analysts polled by FactSet expected $1.97. Revenue for the three months ended Sept. 30 was $201.94 billion, up from $180.17 billion a year earlier. Analysts expected $202.22 billion. For Q4, the company expects revenue of $240 billion to $247 billion. Analysts expect $244.17 billion. The company reported a free cash outflow of $42.4 billion for the trailing 12 months driven mainly by a $94.8 billion year-over-year increase in purchases, primarily reflecting investments in artificial intelligence. This compares with free cash inflow of $14.8 billion for the trailing 12 months ended Sept. 30. Price: 226.96, Change: -16.83, Percent Change: -6.90