Amazon (AMZN) affirms FY26 CapEx view of USD 200bln
- CEO letter states that its chips business now has an annual revenue run rate above USD 20bln, growing by triple-digit percentages Y/Y
- AWS’s AI revenue run rate exceeded USD 15bln in Q1, is rising rapidly
- Much of AWS CapEx planned for 2026 is expected to be monetised in 2027-2028, with customer commitments already secured for part of it
- Said demand for its chips is strong enough that it may sell racks of them to third parties in the future
- Prime Air plans to serve 30mln customers by year-end
Context
Amazon's reaffirmation of a hefty USD 200 billion in CapEx for FY26 signals a strong commitment to growth, particularly in its AI and chip sectors. The notable triple-digit growth in its chips business and AWS's accelerating revenue underlines a robust demand backdrop, which may drive positive sentiment on future profitability. This development could influence investor confidence and support equity sentiment in related sectors, including tech and consumer discretionary.
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