AWS Backlog Hits $578B but Cash Flow Swings to $42.4B Outflow
AMZN sits 16% above its 52-week low of $196 on elevated volume (2.3× avg).
Summary
AWS's contracted backlog reached $578 billion, up $82 billion from the second quarter, and grew faster than AWS revenue, which rose 39.3% to $46 billion. That backlog growth dwarfs the $3.8 billion sequential sales increase, and Jefferies analyst Brent Thill pointed to data-center and supply-chain bottlenecks as the constraint. The offsetting problem is cash: trailing free cash flow flipped to a $42.4 billion outflow from a $14.8 billion inflow a year earlier, and shares fell more than 7% after hours on the earnings miss. The backlog is the bull case — demand is contracted, not speculative — but the cash burn shows how much capital is going into capacity before that revenue converts.
At the time of this announcement, AMZN was trading at $227.89 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.6T. The 52-week trading range was $196.00 to $287.20. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Binance News.