“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 attractive financial returns.”
President and CEO, Amazon
Amazon reiterated ~$220 billion of 2026 cash capex ($75.9 billion in Q3 alone) and guided to meaningfully higher spending in 2027; resolvable against Amazon's reported full-year 2027 capital expenditures.