AMZN · 10-Q · 2026Q2 · Full report
Guidance and Outlook
AMAZON COM INC · 2026-07-31 · Importance 100 · Surprise 100 · From source text
For Q3 2026, Amazon guides to net sales of $197.0 billion to $202.0 billion, representing 9% to 12% growth versus Q3 2025. Excluding Prime Day timing effects, management expects year-over-year growth to be nearly 400 basis points higher, with FX creating an approximately 80-basis-point headwind. Operating income guidance is $22.5 billion to $26.5 billion versus $17.4 billion in Q3 2025, assuming no energy-derivative remeasurements and no additional acquisitions, restructurings, or legal settlements.
Key facts
- Third quarter 2026 guidance: Operating income is expected to be between $22.5 billion and $26.5 billion, compared with $17.4 billion in third quarter 2025. source
- Third quarter 2026 guidance: Net sales are expected to be between $197.0 billion and $202.0 billion, or to grow between 9% and 12% compared with third quarter 2025. source
- Third quarter 2026 guidance: Excluding the impact of Prime Day in both 2025 and 2026, third quarter 2026 year-over-year growth would be nearly 400 basis points higher. source
- Third quarter 2026 guidance: This guidance anticipates an unfavorable impact of approximately 80 basis points from foreign exchange rates. source
- Guidance assumptions include no impact from energy derivative contract remeasurements and that no additional business acquisitions, restructurings, or legal settlements are concluded. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | probable | +1.8% | Third quarter 2026 guidance: Operating income is expected to be between $22.5 billion and $26.5 billion, compared with $17.4 billion in… |
| revenue | positive | probable | — | Third quarter 2026 guidance: Net sales are expected to be between $197.0 billion and $202.0 billion, or to grow between 9% and 12%… |
| revenue | negative | probable | — | Third quarter 2026 guidance: Excluding the impact of Prime Day in both 2025 and 2026, third quarter 2026 year-over-year growth would be… |
| revenue | negative | probable | — | Third quarter 2026 guidance: This guidance anticipates an unfavorable impact of approximately 80 basis points from foreign exchange rates. |