16:01 AMZN Reports Q3 $1.89 adj v $2.01e, Rev $201.9B v $202.5Be16:01 INTC Reports Q3 $0.52 adj v $0.39e, Rev $16.5B v $16.4Be; Guides Q4 EPS, Rev below consensus16:05 SNDK Reports Q1 $49.51 adj v $47.00e, Rev $11.0B v $10.7Be; Guides Q2 above est; Announced eight-for-one forward stock split, effective November 19, 202617:11 AMZN 17:00 ET Q3 call: AI margins are improving rapidly and CapEx payback continues to accelerate, despite higher memory costs and significant depreciation. Management has “even more conviction” that AWS investment will produce a much larger revenue and free-cash-flow business than envisioned a couple of years ago, with strong returns on invested capital.16:03 INTC Industry-wide memory shortages impacting TAM; Strong demand for Wildcat Lake built on 18A - earnings slides17:10 INTC Q3 Earnings Call: PC correction accelerated over the last two months as higher memory prices pressured already limited IT budgets and OEMs aggressively reduced inventory to match softer sell-through
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Reports Q3 $1.89 adj v $2.01e, Rev $201.9B v $202.5Be

- Guides Q4 Rev $240.0-247.0B v $245.6Be, operating income $28.5-33.5B v $33.2Be
- Affirms FY26 Capex ~$220B
- This guidance anticipates an unfavorable impact of approximately 60 basis points from foreign exchange rates. Advertising revenue grew 12% year-over-year excluding changes in foreign exchange rates in the third quarter 2026 impacted by timing anomalies primarily related to Prime Day (and a couple other timing factors). We expect year-over-year advertising revenue to grow in the high teens in fourth quarter 2026.

- Operating income $28.1B v $17.4B y/y
- Op margin percent of WW net sales 13.9% v 13.7% q/q
- North America unit margin +6.0% v +11% y/y
- Net Service sales $126.6B v $106.1B y/y
- Advertising services Rev $19.6B +11% y/y
- AWS net sales $46.0B v $45.3Be, +39.3% y/y
- AWS op income $17.8B v $11.4B y/y; Operating Margin 38.7% v 34.6% y/y
- Free cash flow decreased to an outflow of $42.4 billion for the trailing twelve months, driven primarily by a year-over-year increase of $94.8 billion in purchases of property and equipment, net of proceeds from sales and incentives. This increase primarily reflects investments in artificial intelligence. This compares to free cash flow inflow of $14.8 billion for the trailing twelve months ended September 30, 2025.

- Comments: President and CEO: "Our AWS investment in functionality and infrastructure is working, with over 39% year-over-year revenue growth in Q3 ($184 billion revenue run rate) and projected revenue growth rates of over 40% both in 2027 and in 2028."
12:24 (US) Market Trading Hours Summary: As expected, Dec PCE runs hotter than CPI, Q4 GDP impacted by shutdown; Supreme Court strikes down IEEPA tariff powers
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