“We now expect to spend approximately $220 billion in capital expenditures in 2026 — higher memory costs pushing the number up from our prior estimate of about $200 billion — and we still will not have enough capacity to meet demand.”
CEO, Amazon
Said Jul 30, 2026Deadline Dec 31, 2026Amazon Q2 2026 earnings call, July 30, 2026 (reported by CNBC)
Supersedes the February 2026 ~$200 billion guide; AWS backlog was reported at $496 billion in the same quarter. Resolves on Amazon's full-year 2026 capex.