Amazon Raises 2026 Capex to $220B

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Source: Dukascopy Bank SA
Amazon has increased its full-year 2026 capital expenditure target to $220 billion, up from its previous estimate of $200 billion. CEO Andy Jassy highlighted rising memory costs and an escalating demand for artificial intelligence infrastructure and data center expansion as the primary drivers behind the spending hike. 

The elevated capital plan comes alongside strong second-quarter financial results. Total revenue hit $200.61 billion up 20% year-over-yea driven by a 37% surge in Amazon Web Services (AWS) revenue to $42.2 billion.
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