Amazon raises FY26 capex to $220bn on strong AWS, AI demand

Amazon raised its FY26 capital expenditure guidance to approximately USD 220 billion from about USD 200 billion, driven by strong demand for AWS and AI services.

The company reported robust Q2 results with revenue of USD 200.6 billion, a 19.6% year-over-year increase.

The capex increase is primarily to support AWS cloud infrastructure and AI-related initiatives.

The guidance hike reflects Amazon's confidence in continued growth of its cloud and AI businesses.