Amazon expects about $220bn in capital spending in 2026
What happened
Amazon CEO Andy Jassy said on the quarterly earnings call that AWS could become a trillion-dollar annual revenue business, and that he expects growth above 40% in both 2027 and 2028. He said cash capital expenditure in 2026 will be about $220bn, most of it going to AWS, and will rise noticeably again in 2027. AWS revenue grew 39% year on year this quarter, with an annualised revenue run rate of $184bn. Despite Jassy's optimistic outlook, investors remain doubtful and the shares fell about 6% after hours.
Written by AI from the reports · updated 4 h ago
Timeline
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- TechCrunch · AIAWS will be a $1T business, Jassy says. But first, it will spend big.
Amazon wants to be the king of AI cloud computing and become the first $1 trillion revenue business. But to do that it will have to continue on its capex spending spree, its CEO said Thursday.
Heat of this event
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