Amazon shares are trading near $259–260 intraday on October 13, 2026, following a prior close of $259.53 amid modest volume and a session range spanning roughly $258.70 to $262.80. Recent price action reflects continued strength in AWS, which posted 37% year-over-year revenue growth in Q2 with operating margins near 39%, driven by AI demand and a $496 billion backlog. Heavy capital spending of approximately $220 billion expected for 2026 is pressuring free cash flow, yet trailing operating cash flow reached $161 billion. The stock has risen about 12% year-to-date and 18–20% over the trailing twelve months, trading well below its August high near $287 but above the February low of $196. Traders are focused on the October 29 Q3 earnings release, where consensus calls for roughly $202 billion in revenue and operating income of $22.5–26.5 billion, as a near-term catalyst for volatility around key closing levels.