2026 cash capex of $220 billion, meaningfully more in 2027
We still expect 2026 cash capex of approximately $220 billion — the majority for AWS — and expect to spend meaningfully more in 2027, with a clear line of sight to attract its financial returns.
on Amazon's quarterly earnings call
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Andy JassyAmazon · CEO
Where it comes from
AWS will be a $1T business, Jassy says — but first, it will spend bigWhat the article says
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.
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