Amazon's long-term debt has nearly doubled to $128.9 billion from about $65 billion, driven by a capital expenditure spree that includes a raised 2026 capex guidance of $220 billion and a $25 billion …
Amazon raised its full-year 2026 capital expenditure forecast to approximately $220 billion, up $20 billion from prior guidance of $200 billion, citing elevated memory chip costs. AWS revenue surged 3…
Amazon CEO Andy Jassy told investors on Thursday's second-quarter earnings call that about 85% of global IT spending is currently for on-premise company servers, a mix he predicts will flip over the n…
Amazon.com Inc. reported Q2 revenue growth of 37% year-over-year for its Amazon Web Services (AWS) segment, beating analyst expectations of around 31%, and raised its full-year capital expenditure gui…
Wall Street ended higher on Friday, July 31, as Amazon.com surged over 15% after posting its biggest quarterly revenue growth in over four years, soothing investor concerns about AI-related spending, …
Amazon completed its $50 billion investment in OpenAI, the largest piece of OpenAI's record $110 billion financing round announced February 27 at a $730 billion pre-money valuation, according to the F…
Amazon finalized its $50 billion investment in OpenAI on July 31, releasing the remaining $35 billion tranche after OpenAI met undisclosed performance milestones, as confirmed by an SEC filing. The de…
Amazon.com Inc. reported Q2 2026 earnings on July 30, with AWS revenue jumping 37% year-over-year to $42.2 billion, its strongest growth in 18 quarters, driven by enterprise AI spending. The stock sur…
Amazon's custom chip business, spanning Trainium and Graviton, has exceeded a $25 billion annual revenue run rate with triple-digit year-over-year growth, according to Amazon CEO Andy Jassy. Trainium3…
Amazon.com Inc. raised its expected 2026 cash capital expenditures to approximately $220 billion, up from about $200 billion, citing higher memory costs, and CEO Andy Jassy said AI capacity will remai…
Amazon stock soared 10% in premarket trading on Friday after the company topped second-quarter expectations, with AWS revenue up 36.7% to $42.2 billion and AI and custom chip businesses each surpassin…
Amazon shares jumped more than 12% after its cloud division posted its fastest growth in over four years, easing investor fears about its AI spending. Amazon Web Services grew 37% in the second quarte…
Amazon.com Inc. reported AWS revenue rose 37% to $42.2 billion in the second quarter, its fastest growth in 18 quarters, and raised its 2026 capital expenditure plan to about $220 billion from roughly…
Amazon reported July 30 that Amazon Web Services second-quarter sales rose 37% to $42.2 billion, its fastest growth in 18 quarters, with operating income up to $16.6 billion from $10.2 billion a year …
Amazon reported $19.8 billion in Q2 ad revenue, up 26% year over year, but the figure was overshadowed by AWS's AI product revenue of $25 billion in Q3. Net income surged to $62.6 billion from $18.2 b…
Amazon CEO Andy Jassy said the company will spend $220 billion in capital expenditures in 2026, up from a prior estimate of $200 billion, yet still won't have enough capacity to meet demand in 2026 or…
AWS has reached a $169 billion annualized revenue run rate, with its AI business alone now exceeding $25 billion and growing triple-digit percentages year over year, according to Amazon CEO Andy Jassy…
Amazon CEO Andy Jassy said on the company's second-quarter earnings call that Sponsored Products remains Amazon Ads' largest offering and a key growth driver, with shoppers who click a Sponsored Promp…
Amazon CEO Andy Jassy reported on the company's Q2 earnings that the Stores team continues to innovate with AI, including Alexa for Shopping, which has been used by over 350 million customers in the l…
Amazon.com Inc. reported second-quarter earnings of $5.75 per share, crushing the $1.82 forecast, on revenue of $200.61 billion, up 20% year-over-year, driven by surging cloud growth and AI demand. Am…