AMZN vs GOOGL: AI Stock Comparison

Amazon.com, Inc. vs Alphabet Inc.: AI exposure, key metrics, next earnings dates, upcoming catalysts and risks — every number linked to its source.

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$GOOGL scores higher on AI exposure (4/5 vs 3/5) under our published rubric. The score measures how directly each business is tied to AI, not which stock to buy.
⏱ Next catalyst: $AMZN has the earlier next catalyst (Nov 30, 2026).
$AMZN
Amazon.com, Inc.
E-commerce giant whose AWS cloud sells AI compute.
$GOOGL 🏆
Alphabet Inc.
Search, YouTube, Google Cloud and Gemini models.
AI exposure score⚡⚡⚡⚡⚡ 3/5⚡⚡⚡⚡⚡ 4/5
Shares outstanding10.81B
as of 2026-10-21 · 10-Q cover page · SEC filing
Not shown (multiple share classes or no recent cover-page figure)
CategoryHyperscalers & platformsHyperscalers & platforms
Key metrics
Revenue (latest quarter) $201.94B
10-Q period ended 2026-09-30; +12% y/y · SEC filing
Operating income $28.08B
Same quarter; 14% operating margin · SEC filing
Net income $20.68B
Same quarter · SEC filing
Revenue (latest quarter) $127.58B
10-Q period ended 2026-09-30; +25% y/y · SEC filing
Operating income $40.58B
Same quarter; 32% operating margin · SEC filing
Net income $26.47B
Same quarter · SEC filing
Next earningsNot yet announced / not on our calendarNot yet announced / not on our calendar
Next catalyst
Nov 30, 2026 – Dec 4, 2026
AWS re:Invent 2026 (Las Vegas) · source
Dec 8, 2026 – Dec 13, 2026
NeurIPS 2026 (Atlanta; also Sydney & Paris) · source
Upcoming catalysts
Nov 30, 2026 – Dec 4, 2026
AWS re:Invent 2026 (Las Vegas) · source
Dec 8, 2026 – Dec 13, 2026
NeurIPS 2026 (Atlanta; also Sydney & Paris) · source
Most recent reported
Oct 29, 2026
Amazon.com, Inc. reports quarterly results · source
AWS growth, Trainium and capex guidance. Revenue: $201.94B (+12% y/y), per 10-Q.
Oct 28, 2026
Google announces Gemini 4 Carbon frontier model · source
Google's strongest model, launched first to cyber defenders; keeps Alphabet in the frontier-model race.
Key risks
  • “We Face Risks Related to Successfully Optimizing and Operating Our Fulfillment Network and Data Centers” — 10-K risk factor (filed 2026-02-06) · source
  • “Government Regulation Is Evolving and Unfavorable Changes Could Harm Our Business” — 10-K risk factor (filed 2026-02-06) · source
  • “We face intense competition. If we do not continue to innovate and provide products and services that are useful to users, customers, and other partners, we may not remain competitive…” — 10-K risk factor (filed 2026-02-05) · source
  • “Issues in the development and use of AI may result in reputational harm and increased liability exposure.” — 10-K risk factor (filed 2026-02-05) · source
AI angle

AWS rents GPUs and its own Trainium chips and offers Bedrock model hosting; retail and ads are larger by revenue, so AI is concentrated in the AWS segment.

Alphabet builds frontier Gemini models and TPU chips and sells AI through Google Cloud, while AI search changes are both an opportunity and a risk for its ad business.

Full analysis: $AMZN →Full analysis: $GOOGL →

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