亚马逊截至9月的12个月内，自由现金流降至负424亿美元。公司周四表示，人工智能方面的支出导致了大部分降幅。一年前这一数字为正148亿美元。
Amazon’s free cash flow fell to minus $42.4bn over the 12 months to September. Spending on AI drove most of the drop, the company said on Thursday. A year earlier it was a positive $14.8bn.
亚马逊第三季度财报显示，营收增长12%至2019亿美元，营业利润增至281亿美元，上年同期为174亿美元。其13.9%的营业利润率为亚马逊有史以来最高。公司表示，过去12个月购买房产和设备的支出增加了948亿美元，主要用于人工智能。
The Amazon Q3 earnings showed revenue up 12% to $201.9bn and operating income up to $28.1bn, from $17.4bn a year earlier. Its operating margin of 13.9% was the highest Amazon has ever reported. Purchases of property and equipment rose by $94.8bn over the 12 months, mostly for AI, the company said.
路透社报道，周四盘后交易中，亚马逊股价一度下跌7%。CNBC报道，营收和每股收益均低于分析师预期的2023亿美元和1.96美元。
Shares fell as much as 7% in extended trading on Thursday, Reuters reported. Revenue and earnings per share came in below analysts’ forecasts of $202.3bn and $1.96, CNBC reported.
AWS增速创近五年新高 亚马逊云科技（AWS）营收增长39%至460亿美元，营业利润从114亿美元增至178亿美元。贾西表示，该云业务部门目前的年度营收运行率为1840亿美元，积压订单达5780亿美元。
AWS grows at its fastest rate in almost five years Revenue at Amazon Web Services rose 39% to $46bn, and its operating income climbed to $17.8bn from $11.4bn. The cloud unit now has an annual revenue run rate of $184bn and a backlog of $578bn, Jassy said.
“我们大约每14秒就安装一个AI加速器，客户抢购的速度几乎与我们安装产能的速度一样快，”贾西在电话会议上表示。
“We’re installing an AI accelerator about every 14 seconds, and almost as fast as we install capacity, customers are gobbling it up,” Jassy said on the call.
他预计AWS营收在2027年和2028年均将增长超过40%。贾西还表示，2027年底亚马逊还计划开始向AWS之外销售其Trainium AI芯片。本月初，公司发布了适用于Trainium的TorchNeuron，以便开发者在该芯片上运行PyTorch代码。
He expects AWS revenue to grow more than 40% in both 2027 and 2028. Late in 2027, Amazon also plans to start selling its Trainium AI chips outside AWS, he said. Earlier this month it released TorchNeuron for Trainium, so developers can run PyTorch code on the chips.
贾西在业绩声明中表示：“从未有过万亿美元营收的企业，而在未来5到10年内，我们可能会拥有两家这样的企业。”
“There has never been a trillion dollar revenue business, and we may have two of them in the next 5-10 years,” Jassy said in the results statement.
现金、资本支出与商店业务 亚马逊第三季度在房产和设备上花费773亿美元，上年同期为351亿美元。公司仍预计今年现金资本支出约为2200亿美元，这一数字是在7月财报中设定的。本季度公司筹集了481亿美元长期债务。财报发布后的文件显示，公司现在可以用所购买的AI硬件作为抵押，借款额度高达800亿美元。
Cash, capex and the stores business Amazon spent $77.3bn on property and equipment in the third quarter, against $35.1bn a year earlier. It still expects about $220bn of cash capital spending this year, a figure it set in July’s results. It raised $48.1bn of long-term debt in the quarter. A filing after the results showed it can now borrow up to $80bn against the AI hardware it buys.
杰西告诉分析师，亚马逊预计2027年的支出将“大幅增加”，并表示对获得可观回报有“清晰的预期”。“我们可以为这项计划提供资金，”杰西说。
Jassy told analysts that Amazon expects to spend “meaningfully more” in 2027, with what he called a clear line of sight to attractive returns. “We can fund this plan,” Jassy said.
零售业务增长较慢。在线商店销售额增长2%至685亿美元，广告收入增长11%至196亿美元。亚马逊表示，今年大多数大型国家的“会员日”活动移至第二季度举行，这使总增长率减少了约四个百分点。杰西表示，Prime Video现在的收入运行率已达数百亿美元，且已实现盈利。
The retail side grew more slowly. Online store sales rose 2% to $68.5bn, and advertising revenue rose 11% to $19.6bn. Prime Day moved into the second quarter in most large countries this year. That cut about four percentage points from total growth, Amazon said. Jassy said Prime Video now has a revenue run rate in the tens of billions of dollars and is profitable.
对于假日季度度，亚马逊预计收入为2400亿至2470亿美元，营业利润为285亿至335亿美元。其竞争对手前一天发布了财报：谷歌云收入翻倍，而Alphabet股价经历了有记录以来最糟糕的一天。
For the holiday quarter, Amazon expects revenue of $240bn to $247bn and operating income of $28.5bn to $33.5bn. Its rivals reported the day before: Google Cloud revenue doubled, while Alphabet shares had their worst day on record.