“With such strong demand for our existing offerings and seminal opportunities like AI, chips, robotics, low earth orbit satellites, we expect to invest about $200 billion in capital expenditures across Amazon in 2026, and anticipate strong long-term return on invested capital.”
CEO, Amazon
Said Feb 5, 2026Deadline Dec 31, 2026Amazon Q4 2025 earnings release and call, February 5, 2026 (reported by CNBC)
Context: Amazon's 2025 capex was roughly $131 billion; the $200 billion plan was already raised to about $220 billion in July 2026, so the figure will likely be exceeded, but it resolves on full-year 2026 results.