Weekly forecast: Amazon reports strong Q3 results, shares hit new record high
Amazon shares closed Friday up 10% after the company released its third-quarter 2025 earnings report, which exceeded analysts’ forecasts and overshadowed the large-scale outage earlier this month that temporarily disrupted global servers and applications.
Total Q3 revenue reached approximately $180.2 billion, surpassing the consensus estimate of around $177.8 billion. Earnings per share (EPS) came in at $1.95, up from $1.43 a year earlier, also beating expectations.
The company’s cloud division, Amazon Web Services (AWS), grew nearly 20% year-over-year, marking its strongest growth rate since 2022.
For the fourth quarter, which includes the key holiday season, Amazon projects net revenue between $206 billion and $213 billion, reinforcing confidence in its short-term outlook.

AMZN stock daily chart since the beginning of the year. Source: TradingView
As a result, AMZN shares jumped more than 10% on Friday to $250 before slightly correcting to $244 — surpassing the previous record high of $242 set in February this year.
Further growth is possible
Analysts expect a moderate follow-up rally of 5–10% next week, as November is historically a strong month for U.S. consumer companies. However, downside risks remain in case of weak retail demand or news of higher corporate expenses.
“Amazon’s sharp profit growth and upbeat outlook create favorable short-term momentum, but after such a surge, the risk of a brief consolidation remains,” said analyst Anton Kharitonov.
Technically, the stock trades above its key moving averages (SMA 214–226), now forming a strong support zone after Friday’s breakout. The RSI 14 indicator shows that the stock is not yet overbought, suggesting room for further moderate gains.
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