{"id":73839,"date":"2026-10-29T16:38:21","date_gmt":"2026-10-29T20:38:21","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-consumer-giants-report-mixed-q3-results-as-intel-plummets-and-amazon-beats-on-aws\/73839\/"},"modified":"2026-10-29T16:38:21","modified_gmt":"2026-10-29T20:38:21","slug":"tech-and-consumer-giants-report-mixed-q3-results-as-intel-plummets-and-amazon-beats-on-aws","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-consumer-giants-report-mixed-q3-results-as-intel-plummets-and-amazon-beats-on-aws\/73839\/","title":{"rendered":"Tech and Consumer Giants Report Mixed Q3 Results as Intel Plummets and Amazon Beats on AWS"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-consumer-giants-report-mixed-q3-results-as-intel-plummets-and-amazon-beats-on-aws\/73839\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-consumer-giants-report-mixed-q3-results-as-intel-plummets-and-amazon-beats-on-aws\/73839\/#Intel_Sinks_on_Disappointing_Outlook\" >Intel Sinks on Disappointing Outlook<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-consumer-giants-report-mixed-q3-results-as-intel-plummets-and-amazon-beats-on-aws\/73839\/#Amazon_Boosted_by_Cloud_Strength\" >Amazon Boosted by Cloud Strength<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-consumer-giants-report-mixed-q3-results-as-intel-plummets-and-amazon-beats-on-aws\/73839\/#Mixed_Results_for_Crypto_and_MicroStrategy\" >Mixed Results for Crypto and MicroStrategy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-consumer-giants-report-mixed-q3-results-as-intel-plummets-and-amazon-beats-on-aws\/73839\/#Consumer_Staples_Starbucks_and_Mondelez\" >Consumer Staples: Starbucks and Mondelez<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-consumer-giants-report-mixed-q3-results-as-intel-plummets-and-amazon-beats-on-aws\/73839\/#Sandisk_Announces_Major_Stock_Split\" >Sandisk Announces Major Stock Split<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Intel (<a href=\"\/stock\/INTC\">INTC<\/a>) shares crashed 21%<\/strong> after providing a weak Q4 revenue outlook of <strong>$15B to $16B<\/strong>, significantly missing the <strong>$17.05B<\/strong> analyst estimate.<\/li>\n<li><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> delivered a strong performance in its cloud division, with <strong>AWS sales rising 39%<\/strong> (ex-FX) to <strong>$45.98B<\/strong>, helping offset a slight miss on total earnings per share.<\/li>\n<li><strong>Coinbase (<a href=\"\/stock\/COIN\">COIN<\/a>)<\/strong> reported Q3 revenue of <strong>$1.22B<\/strong>, meeting expectations despite &quot;soft&quot; crypto market conditions, while doubling its market share of trading volume year-over-year.<\/li>\n<li><strong>Starbucks (<a href=\"\/stock\/SBUX\">SBUX<\/a>)<\/strong> saw U.S. comparable sales grow <strong>7.1%<\/strong>, beating estimates, though international performance lagged with only <strong>0.9%<\/strong> growth.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/SNDK\" data-internallinksmanager029f6b8e52c=\"19\" title=\"Stock: SNDK\">Sandisk<\/a> (<a href=\"\/stock\/SNDK\">SNDK<\/a>)<\/strong> surprised investors with an <strong>eight-for-one stock split<\/strong> effective November 19, alongside a significant beat on both revenue and adjusted EPS.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Intel_Sinks_on_Disappointing_Outlook\"><\/span>Intel Sinks on Disappointing Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Intel (<a href=\"\/stock\/INTC\">INTC<\/a>) experienced a massive sell-off in after-hours trading, with shares dropping <strong>21%<\/strong>. While the company\u2019s Q3 adjusted EPS of <strong>$0.52<\/strong> beat the <strong>$0.41<\/strong> estimate, investors focused heavily on a bleak forecast for the holiday quarter. The chipmaker expects Q4 revenue to land between <strong>$15B and $16B<\/strong>, well below the <strong>$17.05B<\/strong> anticipated by Wall Street, as it struggles with lower-than-expected demand in its Client Computing group.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Amazon_Boosted_by_Cloud_Strength\"><\/span>Amazon Boosted by Cloud Strength<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>) reported total net sales of <strong>$201.9B<\/strong> for the third quarter. The standout performer was <strong>AWS<\/strong>, which generated <strong>$45.98B<\/strong> in revenue, representing a <strong>39%<\/strong> increase excluding currency fluctuations. Despite the cloud success, the company reported an EPS of <strong>$1.89<\/strong>, slightly missing the <strong>$1.91<\/strong> consensus, and noted a free cash flow outflow of <strong>$42.4B<\/strong> for the trailing twelve months.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mixed_Results_for_Crypto_and_MicroStrategy\"><\/span>Mixed Results for Crypto and MicroStrategy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Coinbase (<a href=\"\/stock\/COIN\">COIN<\/a>) managed to beat Adjusted EBITDA estimates, posting <strong>$332.9M<\/strong> against the <strong>$282.9M<\/strong> expected. The company noted that while Q3 was impacted by sluggish crypto markets, macro headwinds are beginning to shift. Meanwhile, MicroStrategy (<a href=\"\/stock\/MSTR\">MSTR<\/a>) reported Q3 revenue of <strong>$125.4M<\/strong>, missing the <strong>$128.4B<\/strong> estimate, with cash reserves of <strong>$2.50B<\/strong> coming in lower than the projected <strong>$3.4B<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Consumer_Staples_Starbucks_and_Mondelez\"><\/span>Consumer Staples: Starbucks and Mondelez<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Starbucks (<a href=\"\/stock\/SBUX\">SBUX<\/a>) posted a beat in domestic markets with <strong>U.S. comparable sales up 7.1%<\/strong>, though total revenue of <strong>$9.1B<\/strong> narrowly missed the <strong>$9.23B<\/strong> target. The company remains confident in its long-term trajectory, stating it is ahead of schedule for its &quot;Fiscal &#39;28 Financial Framework.&quot;<\/p>\n<p>Mondelez (<a href=\"\/stock\/MDLZ\">MDLZ<\/a>) reported a solid quarter with adjusted EPS of <strong>$0.78<\/strong>, beating the <strong>$0.71<\/strong> estimate. The snack giant announced it has agreed to acquire <strong>Undercover Snacks<\/strong> and expects to deliver organic net revenue growth of <strong>2%<\/strong> for the full year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sandisk_Announces_Major_Stock_Split\"><\/span>Sandisk Announces Major Stock Split<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/stockmarketwatch.com\/stock\/SNDK\" data-internallinksmanager029f6b8e52c=\"19\" title=\"Stock: SNDK\">Sandisk<\/a> (<a href=\"\/stock\/SNDK\">SNDK<\/a>) caught the market&#39;s attention by announcing an <strong>eight-for-one stock split<\/strong> scheduled for November 19. The company\u2019s fundamentals remained strong, reporting Q1 revenue of <strong>$11.03B<\/strong>, which exceeded the <strong>$10.64B<\/strong> estimate, and a massive adjusted gross margin of <strong>85.1%<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Intel (INTC) shares crashed 21% after providing a weak Q4 revenue outlook of $15B to $16B, significantly missing [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[5722,31,391,457,846,1566,1807,3001,3952,4302],"class_list":["post-73839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-consumer-goods","tag-intc","tag-amzn","tag-sndk","tag-sbux","tag-mstr","tag-earnings","tag-coin","tag-mdlz","tag-tech"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/73839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=73839"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/73839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=73839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=73839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=73839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}